3rd Quarter GDP Likely Negative, Recession Never Ended

I love quotes like this:

I actually have the odds of a double-dip recession falling quite rapidly. Why? Because it is increasingly likely the recession that started in 2007 never ended.

That is actually a quote from Mish. Unfortunately he has fallen victim of the statistical propaganda methodologies of the establishment. In reality, it is nonsense to say that it's "increasingly likely" that something happened in the recent past. Either it did happen or it didn't. Rather, this sort of language is what the establishment's number spinners use to excuse themselves for being horribly wrong about what the data was showing (though I suspect they know the right answer, and simply pick, choose, and torture the data until it will say what it is "supposed" to say).