June 21, 2024 – U.S. economic data is currently consistently below expectations, with slowing consumer spending and rising state-level unemployment rates signaling problems. Macro tidesHaving dismissed recession fears in the past, Jim Paplaba now sees an increased likelihood of a prolonged slowdown in the U.S. economy later this year, with a growing risk of recession in 2025. In the Financial Sense Newshour, Jim Paplaba and Jim Welsh discuss important topics including consumer spending trends, default rates, the small business sector, the yield curve, and recent insights from bank credit analysts and the Federal Reserve.
Check out the latest Macro Tides report here: Should I be worried about a recession? Not yet… (pdf)
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