No Place Like Home: Many businesspeople are beginning to show concerns about a possible recession as layoffs increase at larger companies that may have over hired. Recessions may be inevitable, but the pain is not always equally distributed geographically. ITR Economics’ Connor Lokar thinks that if you have endure a downturn, North America a good place to be.
Abundance or Scarcity: If you’re a Boomer, the return of inflation after a forty-year hiatus is as scary as it baffling. It was fixed before and we can fix it again, but we need to use the right tool. Dr. Brian Wesbury says that we should remember what we’ve forgotten about inflation and put an old tool out of the toolbox to get the job done. Specifically, “scarcity” instead of “abundance” may be the answer to the question “Will Higher Interest Rates Tame Inflation?”
Dr. Wesbury’s weekly “High Frequency Data Tracker” leads him to conclude that “As of now we believe these measures, along with other monthly economic data coming in, show we are not in a recession.”
