Manfred Keil on the Inland Empire and National Recessions

From Brooke Edward’s article in the Victorville Daily Press:

The current economic situation is also a “perfect storm” for a national recession said Manfred Keil with the Rose Institute of State and Local Government at Claremont McKenna College and chair of the school’s economics department.

…The National Bureau of Economic Research will then have to declare the recession for it to be official, Keil said. This group hasn’t met yet, and so no decision has been issued. But both Husing and Keil said they feel certain the group will determine that the United States is in a recession, and will likely predate it back to December or January.