December 2024 Economic Forecast: Insignificant Improvement And Still Indicating a Weak Economy

November 29, 2024Posted inUncategorized2 Comments

Authored by Steven Hansen

EconCurrent‘s Economic Index marginally improved and insignificantly returned to positive territory. Our index shows a weak economy where any old monkey wrench will plunge the economy into recession. Inflation remains unchanged compared to last three months – a strange situation after the Federal Reserve declared progress on curtailing inflation. We do not forecast a recession in the near term. Read on to understand the currents affecting our economic growth.

November 2024 Economic Forecast: Our Index Marginally Declines – We Are Stuck With The Crappy Economy We Have Seen So Far This Year

October 31, 2024Posted ineconomics, economy, macroeconomicsNo Comments

Authored by Steven Hansen

EconCurrent‘s Economic Index marginally declined with a downwardly revised September forecast and again returned to negative territory. Inflation overall remains unchanged compared to last two months – a strange situation after the Federal Reserve declared progress on curtailing inflation. Currently, we do not forecast a recession in the near term. Read on to understand the currents affecting our economic growth.

October 2024 Economic Forecast: One More Recession Flag Removed Yet Little Headway On Inflation

September 30, 2024Posted ineconomics, economy, macroeconomicsNo Comments

Authored by Steven Hansen

EconCurrent‘s Economic Index marginally improved over a downwardly revised September forecast and continues in negative territory. Inflation overall remains unchanged compared to last month – a strange situation after the Federal Reserve declared progress on curtailing inflation. Currently, we do not forecast a recession in the near term. Read on to understand the currents affecting our economic growth.

The State of Joe Sixpack in 2Q2024: Most Households Are Worse Off Than They Were One Year Ago

September 15, 2024Posted ineconomics, economy, macroeconomicsNo Comments

Written by Steven Hansen

The Federal Reserve data release (Z.1 Flow of Funds) – which provides insight into the finances of the average household – shows most Americans are worse off in the second quarter of 2024 than they were in the first quarter – and also are worse off than they were one year ago. This is notwithstanding that their average net worth increased from $152,985 one year ago to $163,797 in 2Q 2024.

September 2024 Economic Forecast: One Recession Flag Removed With Three Remaining

August 28, 2024Posted ineconomics, economy, macroeconomicsNo Comments

Authored by Steven Hansen

EconCurrent‘s Economic Index marginally improved and is slightly in positive territory. The economy is stratified with some sectors going gangbusters, other sectors barely above recessionary levels, whilst other sectors are in recession territory. Inflation continues its snail’s pace moderation. Currently, we do not forecast a recession in the near term. Read on to understand the currents affecting our economic growth.

August 2024 Economic Forecast: New Recession Flag

July 30, 2024Posted ineconomy, macroeconomicsNo Comments

Authored by Steven Hansen

EconCurrent‘s Economic Index marginally improved and is slightly in negative territory. The economy remains very stratified where some sectors are going gangbusters, other sectors are barely above recessionary levels, whilst others are in recession territory. A new index is now indicating a recession is coming.  Read on to understand the currents affecting our economic growth.

July 2024 Economic Forecast: One Recession Flag Removed But Little Indication The Economy Is Strengthening

June 28, 2024Posted inUncategorizedNo Comments

Authored by Steven Hansen

EconCurrent‘s Economic Index marginally declined but remained slightly in positive territory. The economy remains very stratified where some sectors are going gangbusters, other sectors are barely above recessionary levels, whilst others are in recession territory. A major index is no longer indicating a recession is coming.  Read on to understand the currents affecting our economic growth.

June 2024 Economic Forecast: Our Index Marginally Weakened And There Is Another Indicator Warning Of A Recession

May 29, 2024Posted ineconomics, economy, macroeconomicsNo Comments

Authored by Steven Hansen

EconCurrent‘s Economic Index marginally declined but remained slightly in positive territory. The economy remains very stratified where some sectors are going gangbusters, other sectors are barely above recessionary levels, whilst others are in recession territory. A fourth potential major index is now likely indicating a recession is coming.  Read on to understand the currents affecting our economic growth.

May 2024 Economic Forecast: No Real Change So Expect The Economy To Continue To Plod Along

April 30, 2024Posted inUncategorizedNo Comments

Authored by Steven Hansen

EconCurrent‘s Economic Index was unchanged and remained slightly in positive territory. The economy remains very stratified where some sectors are going gangbusters whilst others are barely above recessionary levels. There remain three major indicators that suggest a recession is coming.  Read on to understand the currents affecting our economic growth.

April 2024 Economic Forecast: Economy Marginally Improving But Growth Will Be Weak

March 30, 2024Posted ineconomics, economy, macroeconomicsNo Comments

Authored by Steven Hansen

EconCurrent‘s Economic Index again modestly improved and is slightly in positive territory. This does not mean the economy is going gangbusters but is continuing to plod along. There remain three major indicators that suggest a recession is coming.  Read on to understand the currents affecting our economic growth.