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
No
Jim LaCamp Portfolio Manager, Portfolio Focus, RBC Wealth Management
Co-Host, Opening Bell Radio Show, Biz Radio Network
I don't think we are in a recession now. Ism numbers out today were weak but not recessionary and manufacturing and exports are hanging in....barely. We are veering towards recession though and with a steep drop in oil it could be avoided. Barring that steep drop I think we will in fact be in recession territory by October.
We asked our panel:
Following the GDP and jobs report, are we in a recession?
Yes 6
No 5
No
Art Laffer Fmr. Reagan Economic Advisor
Chief Investment Officer, Laffer Investments
But close.
We asked our panel:
Following the GDP and jobs report, are we in a recession?
Yes 6
No 5