by John Mauldin
The next recession is coming, and it will be severe.
My friend Ed Easterling of Crestmont Research just updated his Economic Cycle Dashboard and sent me a personal email with some of his thoughts.
Here is his chart (click on it to see a larger version).
[…] The current expansion is the fourth longest since 1954… but also the weakest. Since 1950, average annual GDP growth in recovery periods has been 4.3%.