February 2024 Economic Forecast: Index Again Modestly Declined But Remains Well Above Levels Associated With Recession

Authored by Steven Hansen

EconCurrent‘s Economic Index again declined and continues slightly in negative territory. Being slightly in negative territory is not necessarily indicative of a recession, and we continue to believe a recession is not imminent. There remain four major indicators signaling a recession.  Read on to understand the currents affecting our economic growth.

January 2024 Economic Forecast: Our Index Turns Slightly Negative

Authored by Steven Hansen

EconCurrent‘s Economic Index again declined and is now slightly in negative territory. Being slightly in negative territory is not necessarily indicative of a recession, and we continue to believe a recession is not imminent. There remain four major indicators signaling a recession.  Read on to understand the currents affecting our economic growth.

The State of Joe Sixpack in 3Q2023: Joe Should Feel Financially Better Off

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 a decrease in average household net worth from the previous quarter but up from one year ago. Our modeled “Joe Sixpack” – who owns a house and has a job, but essentially no other asset – is better off than he was a year ago.

The State of Joe Sixpack in 2Q2023: The Average Joe’s Situation Improved

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 an increase in average household net worth and an improvement in income. Our modeled “Joe Sixpack” – who owns a house and has a job, but essentially no other asset – is better off than he was last quarter.

September 2023 Economic Forecast: Our Forecast Continues To Suggest No Recession But Our Index Continues To Decline

Authored by Steven Hansen

EconCurrent‘s Economic Index again declined and now has entered negative territory. We do not see a recession baked in but there continue to be three major indicators signaling a recession.  Read on to understand the currents affecting our economic growth.

August 2023 Economic Forecast: Modest Slowing Of Our Forecast But It Continues To Suggest No Recession Is In The Works

Authored by Steven Hansen

EconCurrent‘s Economic Index modestly declined but remains in positive territory. We do not see a recession baked in but there are three major indicators signaling a recession (no change from last month)  Read on to understand the currents affecting our economic growth.

News To Read On The Fourth of July 2023

Markets are closed today, but here are the headlines we are reading:

  • EU Climate Boss Raises Concerns Over China’s Coal Expansion
  • Saudi Arabia Sets The Stage For Big OPEC Production Cuts
  • Saudi Arabia And Iran To Jointly Exploit Oil & Gas Fields
  • China’s Bid For Energy Security Fuels Long-Term LNG Buying Spree
  • What China’s Solar Dominance Means For Global Trade
  • Canadian West Coast ports negotiation reaches impasse as port owners say ‘course change’ required
  • Britain is now the only major economy where inflation is still rising
  • Fireworks cause $59 million of property damage a year. Your insurance policy may cover it
  • El Niño has officially begun. UN says phenomenon likely to threaten lives, break temperature records
  • I spent 5 years interviewing 233 millionaires—here are 5 things they never waste money on
  • German retail sales seen falling more than expected in 2023 as inflation bites
  • Spain breaks record for international tourists in May

Click on the “Read More” below to access these, other headlines, and the associated news summaries.