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Following The GDP And Jobs Report, Are We In A Recession?

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Published: Friday, 1 Aug 2008 | 2:38 PM ET

We asked our panel:

Following the GDP and jobs report, are we in a recession?

Yes 6
No 5












The Kudlow Caucus Breakdown

We asked our panel:

Following the GDP and jobs report, are we in a recession?

Yes 6
No 5











Stefan Abrams

Yes
Stefan Abrams Managing Partner, Bryden-Abrams Investment Management
Although we have not yet seen two quarters of negative real GDP, there have been 8 months of declining employment, virtually stagnant real wages, 3.4% year-on-year, which is below headline inflation, sluggish consumer discretionary spending, a peaking in corporate profit margins, a weak US dollar, wider credit spreads signaling stress in the financial markets, near record low consumer confidence, etc. what else would you call this?

We asked our panel:

Following the GDP and jobs report, are we in a recession?

Yes 6
No 5











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