"Look out, there's a big pie coming at your face."
It was obvious to any casual observer that debate about whether the US was in, or approaching a recession, was increasing.
According to a January article in The Economist "[in] recent opinion polls, almost six out of ten Americans believe the country is already in a recession."
And the media are increasingly willing to confront the situation head on. CNN Money this week featured John Williams of shadowstats.com who stated:
"We have a severe recession ahead of us, with even higher inflation ... probably the worst business cycle seen since the great depression."
"You want to be liquid, you want to be safe, and I would hold a little bit of gold as a hedge against inflation."
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