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The Stock Market's Biggest Risk Is Still Alive: Slowing Economic Growth
Forget recession risk (at least, for now). Focus instead on the continuing signs of slowing growth. Many monthly economic reports are extending their lower growth, the concern that ignited last year’s bear market. While growth generally remains positive, the weakening of the growth rate should be seen as an erosion of the current perfect picture, as described by JPMorgan Chase CEO Jamie Dimon to Fox Business: What we see in the U.S. is that the American consumer, their balance sheet, their incomes are strong, not weak. Most people are going back to the workforce, which is a good thing. Companies are in very good ... (full story)