Plan Now For The Next Recovery

Published Friday, December 9, 2022 at: 8:09 PM EST

Evidence of a soft landing in 2023  -- a short, shallow recession or no recession at all – is building. Two of the nation’s most sensible financial economists are expecting a short, shallow recession or no recession at all. The service sector of the economy strengthened in November, according to Institute for Supply Management (ISM) data released Monday, Dec. 5.  Services comprise 89% of the U.S. economy and provide 91% of U.S. jobs, excluding jobs in farming.  At 56.5%, purchasing managers at large services companies who were surveyed reported business is as strong as was experienced in the last U.S. expansion cycle, as is...

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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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