2013 Recession

I keep hearing rumors of an impending recession. They point to the slowdown we have already seen
in 2012. Now company earning are coming in weak and we hear of slowdowns all over the
world.
Does this really mean there will be a new recession?
Say this and the answer will be- but we haven't had a full recovery yet!

And if there is a new recession it looks really bad for the government sector.
Tax receipts are already weak and expenses up.

There are three basic possibilites
more growth
no growth
shrinkage

and the growth or shrinkage could be fast or slow

One thing is certain, all these things will be happening some time in the future!

But what about the next 12 months?

I still see the muddle through. In my neighborhood homes are selling quickly and easily.
Restaurants are busy. Business goes on. There is lots of construction and prices are rising for many
things.
That sounds like a good economy.
I believe that the way they measure the economy is deeply flawed.

If I maintain my own home, doing repairs and maintenance, that is not measured as part of the economy.
If I hire someone to do it, that is measured. But the end result is similar.
When people become more efficient, that might look like a decline. But it is an improvement.
If I get sick and go in the hospital, that looks like growth, but it is not a good thing.
If we manufacture more bombs and guns and missiles, that looks like growth but it is just foolishness

Bottom line for me is no recession. Even the GREAT RECESSION is very suspect in my mind.
Mostly it was just revaluation of real estate. And revaluation of the price of labor. We have so much really
that taking away some of it (less than 5%) should not be such a big deal.