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America's recession indicators are more busted than ever
The big question right now is whether the economy's gentle slowdown could morph into a painful downturn. But the signals that typically offer clues look more unreliable than ever. Why it matters: Recession indicators don't work like they used to. Many of them have been tripped, yet no big downturn has materialized. The quirks of the pandemic business cycle — driven by a rolling series of disruptions to supply and demand — are the likely culprit. Flashback: In the past, trends in temporary employment were a big tell — whatever happened in this sector soon happened in the broader job market. Or at least, that was ... (full story)
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- Posted: Jul 23, 2024 12:50pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,688
