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U.S. tipping into another recession

“The U.S. economy is tipping into a new recession. You have wildfire among the leading indicators across the board. Non-financial services plunging, manufacturing plunging, exports plunging. That is such a deadly combination.”

This from Economic Cycle Research Institute’s Lakshman Achuthan.

The Federal Reserve’s efforts to support the economy…have done little to reduce unemployment.

Billions for banksters but nothing for the rest of us. That’s what the Occupy movement, inchoate as it is now, is protesting about. The birth of genuine protest movements generally is that way, then if it’s real, it coalesces and finds direction. Let hope what we are seeing is what many having been wishing for, that protest bouncing across the planet has finally bounced here.

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