I'm not clear on how any of this will lead to a recession. Why will high Debt-to-GDP or government spending send the economy into a recession?
Q1 GDP numbers were clearly affected by dismal weather (although still bad), but labor markets are improving markedly, and there are reasons for optimism. I don't see this as a very convincing bear case.
For the bull case, see this post, from a guy who's been right about everything since the mid-2000s.
Q1 GDP numbers were clearly affected by dismal weather (although still bad), but labor markets are improving markedly, and there are reasons for optimism. I don't see this as a very convincing bear case.
For the bull case, see this post, from a guy who's been right about everything since the mid-2000s.
http://www.calculatedriskblog.com/2014/06/the-future-is-stil...