Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
Ray was right -- the Obama Recession Begins!
On January 15, Ray Richman wrote on this blog (Obama Recession Begins? Unemployment Claims Escalate):
This morning, the Bureau of Economic Analysis (BEA) confirmed Ray's reading of the unemployment claims tea leaves. They announced that GDP actually declined during the fourth quarter of 2012. Here is the beginning of the BEA press release:
On January 15, Ray explained the likely cause:
Ray was paying attention to the changes from one week to the next. He spotted the fact that right after the election businesses stopped hiring. Those who voted for Obama are about to get the economy that they voted for.
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