IT'S OFFICIAL: The Hussman And ECRI Recession Warnings Are Invalidated

`` as of now, two of the four necessary metrics metrics making up his composite based on which he predicted an "imminent recession" 6 months ago have been violated. Thus the original basis for his recession warning is also no longer valid... As for the immediate future, the simple question is: can you really have a recession when housing (permits close to 3 year highs) and cars (sales at 3 1/2 year highs) won't play along?'' -- Indeed. But as we posted yesterday, per Paul Craig Roberts, we still appear to be soundly in a depressionary trough, judging by pre-rigged stats.