The Economy Is Not All That Hot
Econintersect LLC | Apr 14, 2012 11:06AM ET
This week another pundit again confirmed the economy is headed toward a recession. Rail, a real time economic indicator is now negative year-over-year regardless of interpretation.
Many view the economy with their favorite pulse point – say GDP – which is a very, very lagging indicator. Hello people, GDP is continually revised, and the last recession was called a year after the revised and revised GDP estimate at that time started contracting.
Looking at the myriad of non-GDP economic releases individually will drive one crazy as elements of the economy are not necessarily in phase with each other, and there are reasons which depress or fuel each economic segments.
Overall, the economy seems to be more robust then the weak growth indicates – but one must look for outliers which would indicate an alternate conclusion.
The pundit repeating his recession call this week was Click here to view the scorecard table below with active hyperlinks
Bankruptcy this Week: Reddy Ice Holdings and Reddy Ice Corporation
Failed Banks this Week: None
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