“There are no signs of recession. Employment growth is strong. Jobless claims are low and the stock market is up.”
This is heard almost daily from the media mainstream pablum.
The problem with a majority of the “analysis” done today is that it is primarily short-sighted and lazy, produced more for driving views and selling advertising rather than actually helping investors.
“The economy is currently growing at more than 2% annualized with current estimates near 2% as well.”
If you are growing at 2%, how could you have a recession anytime soon?
Let’s take a look at the data below of real economic growth rates:
- January 1980: 1.43%
- July 1981: 4.39%
- July 1990: 1.73%
- March 2001: 2.30%
- December 2007: 1.87%
Read more at:Recession: When You See It, It Will Be Too Late