Is recession on its way?

Hello folks, I've just read an interesting story over at Prieur du Plessis’s international investment blog, about the possibility that a recession is under way, its a unique perspective and a good writing.

“In the stock market hope gets in the way of reality, hope gets in the way of common sense. If the stock market turns bearish and you’re staying put with your whole position, and you’re hoping that what you see is not really happening, then welcome to poverty city.”

Not since buying my first stocks in 1968 have I experienced the stock market outlook to be as murky as we are experiencing today. The fears are well documented and, in short, include lingering concerns about the financial system, a US economy on the doorstep of recession, and mounting inflation worries.