That title from an article in FoxBusiness. “With that kind of income growth there’s going to be consumption growth, there’s going to be GDP growth, we’ve got all this capital spending—it’s just impossible,” he said. My view (from my experience being on CEA staff in March 2001, when that recession began): beware data revisions. Figure … Continue reading CEA Chair Hassett: US recession ‘impossible’ by summer next year