Welcome to the Recession

The forecasts seem to be getting worse....

The United States has entered a recession that could be "substantially more severe" than recent ones, former National Bureau of Economic Research President Martin Feldstein said
Friday.
"The situation is very bad, the situation is getting worse, and the risks are that it could get very bad," Feldstein said in a speech at the Futures Industry Association meeting in Boca Raton, Florida.
NBER is a private sector group that is considered the arbiter of U.S. business cycles.