I often hear commentators saying that we are already in a recession. This could be the case because the data always come out with a time lag. The official arbiter of recessions, the Business Cycle Dating Committee of the non-profit National Bureau of Economic Research, waits some months after data are released to evaluate whether a recession began.
However, it seems that whether we are in good times or bad, someone is claiming that a recession has already started. So I'm going to post the reports I hear, as an historical record of who thinks we're already in recession.
The first is Rauol Pal, speaking CNBC's Fast Money Show.
Also Mark Faber, on Bloomberg Business.
If you hear of others, would you please send them to me?