On One Read, Stocks And Credit May Be Perilously Disconnected From Economic Reality

On One Read, Stocks And Credit May Be Perilously Disconnected From Economic Reality

Point, meet counterpoint, I suppose. On Friday evening, Goldman took a quick look at historical instances of ISM manufacturing dipping below 50 and concluded that the recession "hit rate" (if you will) has fallen markedly over the years as manufacturing accounts for a smaller chunk of nominal GDP. That, in turn, may mean that August's contractionary ISM print doesn't presage steep equity losses. "During previous episodes when the US economy did not enter a recession despite ISM readings below
Subscribe or log in to read the rest of this content.

2 thoughts on “On One Read, Stocks And Credit May Be Perilously Disconnected From Economic Reality

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints