The Tick, Tick, Talk of Recession Drones On

The Great Recession

With stocks priced at record highs far above the economic landscape and still rising, the economy is still receding below. We’ll know at the end of January if the fourth quarter of 2019 was the worst of the past year, as I expect it will be. For now, we have to keep looking at numerous individual metrics to see if we are moving into recession or away form it.

First, lets be clear about the stock market. It is here: 

And that is usually as high as it ever gets before it crashes or, at least, goes into a correction. It also usually does not stay there long before the crash hits.

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