Dr. Mark Skousen, who has a Ph.D. in economics, and has been named as one of the world's leading economists, said the following on January 21st:
“Gross output (GO), the new measure of U. S. economic
activity published by the Bureau of Economic Analysis, slowed
significantly in the 3rd quarter of 2015. And the Skousen B2B Index
actually fell slightly in real terms in the 3rdquarter. Both data
suggest the possibility of a mild recession developing in 2016...
"In nominal terms, the adjusted GO growth rate declined from
6.3% in Q2 to 2.3% in Q3. In the same period GDP fell from 6.0% to 2.7%,
illustrating the higher degree of volatility of GO compared to GDP (see
chart below). The higher volatility indicates that GO might be a
better indicator of economic activity than GDP, since GO includes
economic activity that GDP leaves out.”
Here's his own headline:
