Posts tagged department of labor
High Frequency Good News
One of the big questions hanging over the economy and the financial markets is whether we’re about to enter, or are already in, a recession. Some call it a double-dip and liken it to the 1930s, which consisted of the Great Depression from 1929 to 1933 followed by a smaller recession in 1937 and 1938 caused by premature fiscal and monetary tightening. Economists assign a probability of 40 to 50 percent to a recession beginning late this year or early next year. While it looks like a toss-up, it helps to keep an eye on high-frequency indicators:
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