The Economic Lookout – Where We Are Headed

It’s Not 2008  (Yet): More market turbulence and some weakening economic indicators are causing many to assume a recession is around the corner.  Economist Brian Wesbury thinks otherwise and revisits some earlier downturns for some perspective which leads him to conclude it’s “This Is Not 2008”.

Omens and Portents: Various metrics such as the yield curve and consumer sentiment are being bandied about are harbingers of a downturn.   Perhaps a few minutes with Brian Beaulieu of ITR Economics will help you understand the relative value of economic ‘omens and portents.’ How much is a signal, and how much is noise?  He explains which ones are useful in understanding the future course of the economy and which ones are not.

 

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