“Recession-casting” is Broken!
Without reliable guides, bulls are left hoping a recession isn’t nearby, while frustrated bears watch a stock market continue climbing despite "indicators" forecasting a recession for some time.
Nearly all widely followed indicators traditionally used to assess whether a recession looms nearby have stopped working in this recovery. That is, the business of forecasting a recession – Recession-casting – is broken!
It’s worth examining the conventional indic…
Keep reading with a 7-day free trial
Subscribe to Paulsen Perspectives to keep reading this post and get 7 days of free access to the full post archives.