DON - Weekly Indicators: In Which The Wisdom Of John Quincy Adams Remains True 200 Years Later

• High frequency indicators can give us a nearly up-to-the-moment view of the economy.
• The metrics are divided into long leading, short leading, and coincident indicators.
• Although measures of economic stress have generally been increasing, they are nowhere near levels associated with any actual downturn.
• The West generally, and the US particularly, appear to be reacting to Russia’s invasion of Ukraine with prudent steps; there is no indication of unnecessary economic distress as a result.
• The conclusion remains: no recession during 2022.

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