Amid Bad Data Releases, Leading Economists Predict No Recession

Published Friday, July 22, 2022 at: 8:43 PM EDT

Housing slumped again and the Leading Economic Indicator Index plunged for a third straight month, but the consensus forecast of leading economists is for no recession. The economy remains on the edge of a recession but the stock market this past week acted like the worst of the bear market may be over. Housing starts dropped for a second straight month. However, permits to start construction of a new single-family home are “holding up,” according to independent economist Fritz Meyer,  Housing starts for the many years have remained much lower than the projected rate of 1.6 to 1.8 million consistent with long-term demographics...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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