HUSSMAN: WE ARE ENTERING A NEW RECESSION

"John Hussman cuts right to the chase in his latest commentary. We are entering a new recession according to him:

“I began drafting this update in a fairly measured way, but on further reflection, I think it is time to be blunt. The economic evidence now suggests that the U.S. and the global economy are again entering recession.
Last week, I reviewed the rapidly deteriorating condition of our Recession Warning Composite . While year-over-year GDP growth has dropped to just 1.6% – a rate that has been followed by a new recession in 10 of the 12 times it has occurred since 1950 – I preferred evidence from a wider set of market and economic measures. I noted “we would require only modest deterioration in stock prices and the ISM index to produce serious recession concerns.”

at  http://pragcap.com/hussman-we-are-entering-a-new-recession