A Depression Primer: ITR Economics has long predicted a depression akin to that of 1930 will occur on or around its 100th anniversary. This week ITR CEO Brian Beaulieu is offering two articles that focus on that bold prediction;
First, check out “Understanding the Timeline: 2022-2030s” which will explain the road from here to Great Depression 2.0. Then, review another ITR article for a comparison of the one and future depressions: 1930s Great Depression vs 2030’s Great Depression: Similarities and Differences.
The Silly Season: Nobel Prize economist Ronald Coase once remarked, “If you torture the data long enough, it will confess to anything.” Economist Brian Wesbury makes the same point about current economic data in the context of the 2022 midterm elections in a recent blog post “The Silly Season.”
Dr. Wesbury also offers a quick analysis of some good news around retail sales for those of you who fear a recession is just around the corner. He writes “Retail sales were unchanged in July, but the underlying details were much better than the overall headline number.”
