Charles Payne joins the recession camp.
Present indicators aren't very supportive of an imminent recession:
Determine 1:Â Nonfarm Payroll (NFP) employment from CES (blue), implied NFP...
Reader Moonmac argues the case that we're in a recession, in a rejoinder my paper “Recession since 2022? A Critique“:
McService Job Nation disagrees...
Excessive frequency indicators (PMI, and many others.) counsel — and have instructed — a slowdown in manufacturing. Nonetheless, different indicators point out sideways...
As of August, incorporating newest capability utilization and manufacturing knowledge, I’m tempted to say no, even incorporating at face worth the preliminary benchmark...
GDPNow Q3 progress nowcast now as much as 2.5%, from 2.1%.
Determine 1: GDP (daring black), Survey of Skilled Forecasters August median forecast (tan),...
Preliminary benchmark revision takes down March employment by 0.9%. Right here’s an image of varied sequence related to the manufacturing sector.
Determine 1: Manufacturing...
Lewis/Mertens/Inventory and Baumeister/Leiva-Leon/Sims weekly indicators, and Torsten Slok’s rundown.
Determine 1: Lewis/Mertens/Inventory Weekly Financial Index (blue), and Baumeister/Leiva-Leon/Sims Weekly Financial Situations Index for US...
Extra articles on greenback dominance, e.g. in Overseas Coverage, Wells Fargo, vs. BitcoinNews. However a lot of the dialogue facilities on greenback use...
Video through WisconsinEye, occasion on April tenth.
Sponsored by WisBusiness. Abstract from WisconsinEye:
The annual Wisconsin Financial Forecast Luncheon, set for April 10, 2024 on...
Right here’s a graphic depiction of the extent of the shock, in ranges, relative to Bloomberg Consensus and Cleveland Fed nowcasts.
Determine 1: CPI...