Following The GDP And Jobs Report, Are We In A Recession?
We asked our panel:
Following the GDP and jobs report, are we in a recession?
Yes 6
No 5
The Kudlow Caucus Breakdown
We asked our panel:
Following the GDP and jobs report, are we in a recession?
Yes 6
No 5
Yes
Stefan Abrams Managing Partner, Bryden-Abrams Investment Management
Although we have not yet seen two quarters of negative real GDP, there have been 8 months of declining employment, virtually stagnant real wages, 3.4% year-on-year, which is below headline inflation, sluggish consumer discretionary spending, a peaking in corporate profit margins, a weak US dollar, wider credit spreads signaling stress in the financial markets, near record low consumer confidence, etc. what else would you call this?
We asked our panel:
Following the GDP and jobs report, are we in a recession?
Yes 6
No 5