Recession is coming ? Take a hard look

[HedgefundTrader2]

Quote from nealvan:

We are in a recession. Now we have another mater and that's credit card debt.
This all isn't good. An analyst said we probably started a recession at the end of the 4th quarter of last year and he says we can get out of it by the 2nd half of next year. Problem is the 2nd half is when all the debt starts taking it's toll. The subprime mess will only get worse by then so forget a housing recovery. Did you see the ISM. Worse than expected. That's not a sign of recovery. What's next? Credit card woes and unemployment gets worse. None of this will be recovery stepping stones. Mark this post and prove me wrong but I've been mostly right.

Please provide empirical data that points to the economy being in recession and not some analyst's opinion.

1.Did you see Whitehouse and Congress has an economic stimulus package for 1% GDP? That will add at least 0.5 point to this quarters GDP itself ?

2.Did you see that Feds cut 3/4 points of both Fed and discount rates? That is a massive amount of liquidity injected into our economy.

3. Did you notice your outlook is still doom and gloom and you are bringing down the temple on your ass?