"U.S. Economy Could Now Be In Recession"

B

ByLoSellHi

Economy could be in recession: report
By: Reuters
Thu Aug 31, 2006 10:57 AM ET

http://maconareaonline.com/news.asp?id=14999

NEW YORK (Reuters) - The U.S. economy may be in recession, based on Midwest manufacturing data, a report said on Thursday.

According to Kingsbury International, a partner of NAPM Chicago which puts out The National Association of Purchasing Management-Chicago business barometer, "the U.S. economy could be in a recession at this time."

"In four of the last five recessions, the slowing of the Chicago business barometer signaled a recession either one or two years later", the report said.
 
Here's a legitimate question for everyone:

The yield curve is now inverted. In fact, it's more inverted now than 2 months ago.

So, what cogenmt arguments can be put forth to negate the importance of the inverted yield curve (and its high corollary as a recession predictor) 'this time?'
 
a recession is described as 3 quarters in a row of negative growth. since the last quarter was better than 2.5% growth and we have yet to even have one quarter of negative growth you might be jumping the gun a bit.
 
Quote from vhehn:

a recession is described as 3 quarters in a row of negative growth. since the last quarter was better than 2.5% growth and we have yet to even have one quarter of negative growth you might be jumping the gun a bit.
More...

I though it was 2 quarters
 
You must log in or register to reply here.
Back
Top