Leonhardt: Recession Odds at 50%

Keep your emotions and your hopes and dreams out of it, this is data talking via David Leonhardt‘s latest…

From the New York Times:

Over the last 50 years, every time that job growth has been as meager as it has been over the last four months, the economy has been headed toward recession, in a recession or in the immediate aftermath of one.

And the jobs graphic accompanying his piece which speaks a thousand words (click to embiggen):

It’s gettin’ dark, too dark to see…

The “good” news is, the Fed is poised to try something new shortly and Obama is about to make his last stand which should lead to some kind of policy action – but is it too little, too late?

Source:

Rising Fears of Recession (NYT)