The next recession is already here—and there isn’t much the Fed can do

CNBC commentator Michael Pento, producer of the weekly podcast “The Mid-week Reality Check,” and author of  The Coming Bond Market Collapse, presents data from leading economic indicators and argues that the U.S. has already entered a recession when factoring in CPI inflation. He warns that equity markets have priced themselves for a strong recovery and are ill-prepared for the very real possibility of a long-term contraction, which the Fed seems powerless to prevent. 

Source: The next recession is already here—and there isn’t much the Fed can do

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