US 2016 Recession Already Here!

``The red line marks current US GDP (1.2%) as estimated by the US Bureau of Economic Analysis (BEA). At virtually every point in the last seventy years when US GDP hit 1.2%, the US has been solidly in recession (blue areas). In other words, the US was not ABOUT to go in recession at that level of growth, but was IN recession each time ... with only three exceptions... In [two] of those instances the US only averted recession because the Federal Reserve immediately kicked in massive doses of quantitative easing... The graph reminds us of something we're all aware of: Based on the average frequency between recessions, the US is due for a recession in 2016 anyway...''