Mike "Mish" Shedlock. Hi Mish. I have lost count of the number of times you have called a recession. Eventually, you will be correct.
Tableau is Buzzworthy in Q1
I called two that never happened. The count is two and that is accurate. The number of times I talked about a recession is another matter. I don't know. Then I stand corrected.
Cusp of Recession: GDPNow 1.4% vs Nowcast 2.1%, Nowcast 12222 Q1 is Only 1.2%
I must have mis-interpreted some of your recession talks as actual calls. By the way, I appreciate your analysis of data, such as gdpnow and now cast. I guess we need something to goose these markets with a massive dose of Fed largess. It might as well be a recession.
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But, then, recession calls are usually hedged with terms like "Sometime in the next two years. I'm not sure what The Donald told Jerome at their recent WH meeting, but he may have alluded to the possibility that the election campaign has started early, and he would, of course, be happy to invite his appointed Fed Chief on board. Borrowing printing 2 trillion plus 3 a year for 1. Look for a massive Fed spring money printing offensive to drive equities to 35,, level and add a tail wind to Trump's reelection bid. Already, she has made a fool out of herself. In the race to zero and below, the Fed is way behind.
Judy Shelton hopes to get there in one or two years.
Boeings problems continue to mount. Numerous headlines on Monday proclaimed the US is set for the longest expansion in history. How do they know? Trump became the first sitting president to step into North Korea. Kim Jon Un accepted a last-minute invite from Trump.
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