Recession May Already Be Here

AgriSompo North America market analyst Sterling Smith thinks the U.S. is already in a recession. “I’m going to say something few are willing to say, we’re in a recession in the United States right now. The GDP numbers in the last quarter were negative and we’ll probably have a negative print this quarter as well, at least, in terms of real GDP. ” Smith emphasizes commodity prices, other than in the energy sector, don’t have that much to do with inflation. “Stock market behavior the last few days is giving me an indication maybe we’ve seen a bottom. Typically, when the recession starts to improve, the recession has already hit bottom.”