Wednesday , 22 May 2024

Philadelphia Fed Index Confirms the Obvious: US in Another Recession!

The Philly Fed number has never been this low without the economy being in recession having just recorded the 21st-worst reading in over 43 years! [While we are not in an officially sanctioned recession yet this new survey strongly suggests that that unwelcomed time has come.] Words: 260

So says Scott Krisiloff (  in an article* which Lorimer Wilson, editor of (It’s all about Money!), has further edited ([  ]), abridged (…) and reformatted below  for the sake of clarity and brevity to ensure a fast and easy read. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement. Krisiloff goes on to say:

The bars [in the chart below] confirm that the survey doesn’t go this low without us already being in a recession or about to go into one within the next couple months. 

Let’s hope for a revision [but if we don’t] maybe we should start penciling in a new gray bar to the chart above!


Related Articles:

  1.  America’s Future: Growing Deficit, Shrinking Economy, Imploding Dollar and Exploding Inflation 
  2. Bill Gross: 4 Ways U.S. Might Reduce Current/Future Liabilities 
  3. Get Ready: More Taxes/Less Tax Breaks are Coming! 
  4. These Indicators Say Inflation to Go to 4% Soon – and 6% by 2014

Editor’s Note:

  • The above article consists of reformatted edited excerpts from the original for the sake of brevity, clarity and to ensure a fast and easy read. The author’s views and conclusions are unaltered.
  • Permission to reprint in whole or in part is gladly granted, provided full credit is given as per paragraph 2 above.