By Greg Hunter’s USAWatchdog Economist John Williams says to forget about the so-called recovery. What’s coming next is recession or worse. Williams contends, “The fact that we saw a -2.9% contraction in the first quarter, in official reporting . . . you know the economy is in real bad shape. It’s continued to the second quarter, and that will gain recognition as all the data gets published.” Back in 2013, Williams predicted that it would be “game over” in 2014. What are the statistics showing him now? Williams says, “They are showing the economy continues to weaken, and it never recovered. A second quarter contraction here would most assuredly be recognized as a new recession, and I contend we never got out of the old recession. We had plunge, stagnation and, now, we are turning down anew.”
Posted on: Mon, 14 Jul 2014 06:26:39 +0000
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