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1 Article
Source: Common Domain

Bridge to nowhere Some doubts on U.S. economy justified, doom and gloom is not

Today 17:15 GMT

“Here’s a word of advice on anyone planning to use the November retail sales report as a guide to how the holiday shopping season is going: don’t,” said chief economist Richard Moody of Regions Financial.

Read: U.S. gains 155,000 jobs, unemployment stays at 3.7% in plain-vanilla labor report. Also Read: Why 150,000 new jobs a month would still be fine and dandy for the economy. More evidence might emerge this week.

1 Article
Source: Common Domain

Economists still reluctant to call recession, but pessimism mounts as data backs away from peak

Saturday 14:31 GMT

“The ‘wisdom of crowds’ can be useful for predicting recessions, but primarily at relatively short horizons,” they say.

A host of indicators are now below their best levels of the cycle, and the talk from economists is increasingly negative. One of the most bearish new pieces of commentary has come from Diane Swonk, with the chief economist of Grant Thornton moving up her recession forecast by six months to the first half of 2020.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte