As of 31October2011, there are no major recessionary elements in any of the coincident data. As detailed in Searching For a Recession, historically accurate recession markers of Industrial Production and Employment remain strong – and well away from recession territory. However, these are rear window economic views, not forecasts.
The current trend is “less good” – and this trend began in July 2011. There were indications last month that the “less good” trend was about to end – however weaker data points in the series used to track future consumer demand lead to the continuation of the existing trend. All other data sets covering business and government were unchanged.
November 2011 Economic Forecast Continues to Show Weakening Growth
This forecast is based on Econintersect‘s non-monetary based economic index which counts “things” that have shown to be indicative of direction of the economy 30 days in the future. Note that the Econintersect Economic Index is not constructed to mimic GDP (although there are general correlations), but tries to model the economic rate of change seen by business and Main Street. Read More...
U.S. manufacturing sector growth eases in October
The pace of growth in the U.S. manufacturing sector unexpectedly slowed in October, in line with trends in China, Britain and Canada in data reported on Tuesday. Read More...
Lessons to learn from the US economic crisis
Indian-born former Goldman Sachs director Rajat Gupta charged in a New York court for passing on information to convicted Sri Lankan Tamilian and hedge fund player Raj Rajaratnam amounting to insider trading has made many middle-class Indians uncomfortable. Read More...
U.S. Economic Blockade Hurts Cuban Patients
The strengthening of the US-imposed blockade on Cuba doubles the suffering of the island´s patients, deprived of receiving important medicines to improve their quality of life. Read More...
US economic crisis november 2011, will US economic crisis november 2011, US economic outlook november 2011, For the latest updates PRESS CTR + D or visit Stock Market news Today
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