The big news this week was the plunge in the GDP. The official government numbers put GDP at a stagnant 0.1% growth. This is a steep decline from 2.4% growth last quarter. What makes this even bleaker is that the government falsely raises the growth by artificially lowering the inflation numbers. True inflation is 1.5-2% higher because the government no longer reports numbers that allow for a constant standard of living. This web page explains. http://www.shadowstats.com/article/no-438-public-comment-on-inflation-measurement Thus a 0.1% growth report from the government means a decline in true GDP.
If next quarter is like this, we can officially call us back in recession.