Submitted by Tyler Durden on 01/21/2016 - 13:52
According to stocks, a half-recession is precisely where the US was as of roughly noon yesterday, when the S&P touched an intraday low of 1812. This represents a 15% drop from the all time high close of 2,131 last summer. It also represents half the post-World War II average peak to trough decline around recession, which amounts to roughly 30%.
http://www.zerohedge.com/news/2016-01-21/who-right-stocks-point-half-recession-oil-screams-global-depression