Econometer: Is the jobs report a sign the recession is near?

Bob Rauch, R.A. Rauch & Associates

NO: Consumer confidence remains strong, employment and wages are up and while there are trade war concerns, this economy would need a confluence of negative events to fall into recession. Low oil prices, coupled with low interest rates and strong consumer spending, bodes well. The next 12 months are solid albeit with an economy that is slowing. An interim agreement on trade will remove uncertainty and boost the economy with GDP up 2.2 percent in 2020.

Full the full article by Phillip Molnar, click here.


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