The Fed Has Averted A Recession For Now


We had a fairly decent monthly employment print this Friday which followed some decent ISM numbers.  Based on these survey’s, an argument can be made that the FED has averted (at least prolonged) a near certain recession.  Not everybody is convinced, I know I’m not.  Aushtan from ECRI is sticking to his call (see “What I’m watching section”) too.  I guess the FED doesn’t think so either; otherwise rates wouldn’t be at zero percent while they continue to pump $3B every single day into this economy.  If the U.S is not in or near recession, we know that half of the OECD is.  This is a very significant statistic that clearly shows that the world economy continues to slow.

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3-9 World Recession



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