Category: Recession 2024
The analysis published under this category are as follows.
Sunday, November 03, 2024
Why Countdown to U.S. Recession is Underway / Economics / Recession 2024
By: EWI
Recession chances? One major Wall Street firm says only 15% "after better-than-expected jobs report." (Reuters, Oct. 7) Yet, in Elliott Wave International's view, economic numbers are laggards and do not predict anything. Better to pay attention to this indicator from EWI's October Elliott Wave Financial Forecast:
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Tuesday, August 13, 2024
Are we Slipping into a Recession? / Economics / Recession 2024
By: Stephen_McBride
That’s the question on every investor’s mind right now. Because recessions are bad for stocks.
In today’s Jolt, I’ll walk you through what the three most accurate recession indicators are telling us… and suggest what to do about it.
Let’s get after it.
Tuesday, May 28, 2024
US Economy Slowing Slipping into Recession, But Not There Yet / Economics / Recession 2024
By: Michael_Pento
The recent spate of economic data continues to point to a weakening economy, but one that is not yet precipitously falling into recession.
The Philly Fed Index was released late last week. The diffusion index for current general activity declined 11 points to 4.5 in May. The index for new orders declined from 12.2 to -7.9, its first negative reading since February, and the shipments index fell from 19.1 to -1.2, its first negative reading since January. We also had US industrial production data released this week. It was flat in April from the previous month, while factory output fell by 0.3%.