I do not think we are near a recession as I have stated repeatedy in here. Especially with todays non-farm report showing a good employment picture. It is unlikely that GDP will show two consecutive quarters of negative growth anytime soon, and that is how recessions are defined. There may be sectors that individually have them, like RE, but the economy as a whole does not appear to be headed for one right now.
If someone wants to define an alternative concept for a recession, than maybe one can occur, but not by the traditional standards, itleast in the next 2 or 3 quarters.
