PDBC - The U.S. Economic Bust Continues But A Recession Has Been Delayed
2024-03-13 10:50:00 ET
Summary
- The combination of the ISM Manufacturing New Orders Index and the yield curve has been warning of imminent recession since September 2023.
- The March 2024 new high for the SPX suggests that a recession will not start any sooner than May 2024.
- By our reckoning, during the first half of 2022, the US economy entered the bust phase of the economic boom-bust cycle caused by monetary inflation.
Editor's note: Originally published at tsi-blog.com on Mar 12, 2024
[This blog post is a brief excerpt from a commentary published at Speculative Investor last week] ...
The U.S. Economic Bust Continues, But A Recession Has Been Delayed