Consensus is building that the economy is slowing based upon recent economic data from the past couple of weeks. Now the debate is whether or not people believe this is a temporary slowdown r a sign of a possible double dip recession. This debate is important as it will affect capital investment and hiring decisions by employers.
Calculated Risk has an excellent article on the main economic data points from the past couple of weeks.
- ECB Official: Slowdown In Emerging Markets ‘More Dangerous’ Than U.S. Recession (huffingtonpost.com)
- Calculated Risk: Updated List: Ranking Economic Data (bjconquest.com)
- ECRI: Prolonged U.S. Slowdown Underway (ritholtz.com)
- ECRI’s Achuthan: Prolonged U.S. Slowdown Underway (blogs.wsj.com)