VIDEO FLASHBACK (11/6/15) | McCullough: Fed Rate Hikes & Why Recession Is A 'Live Possibility'

Takeaway: In this video from last November, Hedgeye CEO Keith McCullough explains why a U.S. recession is a "live possibility."

Last November, Fed head Janet Yellen called a December rate hike a "live possibilty." In the video below, Hedgeye CEO Keith McCullough countered that a U.S. economic recession was a "live possibility" too, especially if the Fed raised rates.

Well, they did. We called the ensuing stock market turmoil.

The likelihood of a U.S. #Recession is still firmly intact no matter what Janet Yellen said in her Congressional testimony today. Here's the video that explains why.