If we then set the value of ten companies per month that act to cut their dividends as the threshold at which a recession in the U.S. is likely to exist, we find that the U.S. economy first dipped into recessionary territory in May 2012, exited briefly in July 2012, and re-entered more deeply into that recessionary territory again in August, going deeper in each month since.
So no matter what you might hear in the mainstream media or from the White House, this isn't a situation that developed overnight because of the aftermath of Hurricane Sandy or the so-called "fiscal cliff". Recessionary forces have been at work in the U.S. economy for many months now....
Our previous posts on the rising likelihood of recession based on the number of U.S. companies acting to cut their dividends, presented in reverse chronological order:
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