“Level or Direction”: Dr. Brian Wesbury’s recent post looks at the seeming contradiction of the strong labor market versus indicators of recession. The recent jobs report appears to indicate a continuing strong labor market, but Dr. Wesbury thinks we need to understand the level of employment versus its direction. Check out his one page post summarizing his thoughts on the March Employment Report. See also his latest “High Frequency Data Tracker.”
Three Warnings: ITR Economics’ Brian Beaulieu explores three developments that don’t bode well for the economy: (1) the Federal Reserve signaling a probable, not just possible recession (2) tightening credit and (3) problems with commercial real estate. He explores all three in his latest Fed Watch.
