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Gordon T. Long Interview: Is The US In Recession?

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    August 26, 2013

    I recently had the distinct pleasure of sitting down with Gordon T. Long and Charles Hugh Smith, to discuss the current state of the economy and whether, or not, the U.S. is close to, or already in, a recession.  Myself, Gordon and Charles share our research on this looming question and the presentation contains 52 slides revolving around an indepth discussion on the topic.

    While I do not think that we are currently in a “statistical” recession as think of in traditional terms such as GDP; there may well be a “stealth recession” on “Main Street.”  We can see evidence of this through the underlying trends of the macro data such as the structural shift in employment, the income gap and a shrinking middle class.

    Of course, such comments always brings out criticism to the contary that the economy is clearly not in a recession and is fact on the verge of recovery.  If that is the indeed the case then the question of why the Federal Reserve continues to pump billions into the financial markets each month begs to be answered.

    Many thanks to Gordon and Charles for an interesting and broad ranging discussion that I hope you will find informative and educational.  The video narrative can additionally be viewed here.


    Images: Flickr (licence attribution)

    About The Author

    Lance Roberts – Host of StreetTalk Live
    After having been in the investing world for more than 25 years from private banking and investment management to private and venture capital; Lance has pretty much “been there and done that” at one point or another. His common sense approach has appealed to audiences for over a decade and continues to grow each and every week.

    Lance is also the Chief Editor of the X-Report, a weekly subscriber based-newsletter that is distributed nationwide. The newsletter covers economic, political and market topics as they relate to the management portfolios. A daily financial blog, audio and video’s also keep members informed of the day’s events and how it impacts your money.

    Lance’s investment strategies and knowledge have been featured on Fox 26, CNBC, Fox Business News and Fox News. He has been quoted by a litany of publications from the Wall Street Journal, Reuters, The Washington Post all the way to TheStreet.com as well as on several of the nation’s biggest financial blogs such as the Pragmatic Capitalist, Zero Hedge and Seeking Alpha.