Economy’s Real Problems

Economic Cycle Research Institute notified its clients that a recession is now unavoidable Some of last week’s economic reports provided at least small sparkles in the dark shadows that have dominated economic reports so far this year. On Thursday, the Commerce Department reported the economy grew at an annualized rate of 1.3% in second quarter, a bit better than the 1.0% it had previously reported. The Labor Department reported new weekly unemployment claims fell by 37,000 last week to 391,000, the first time new weekly claims have been under 400,000 a week since April. And the University of Michigan’s Consumer Sentiment Index ticked up to 59.4 in September after tumbling to near a three-year low of . . . → Read More: Economy’s Real Problems