A Plow Horse with Shin Splints: Dr. Brian Wesbury has a reputation for optimism but that appears to be changing. In a recent blog post, he unpacks what at first glance was a positive November employment report and sees thorns beneath the roses.
He writes “Put it all together and you have a weak economy that’s still growing but showing some signs of wear and tear. A Plow Horse, with Shin Splints. Stay tuned: rougher times are ahead, a recession is still in the future, but not happening today.”
A Double Dip Decline: Housing I s huge part of the economy and economists watch it carefully. ITR Economics’ Brian Beaulieu is watching this sector and sees real challenges ahead; part is due to higher interest rates and partly “covid echo extreme behavior,” for why he sees a double dip decline in housing more severely than originally projected.
