Is the U.S. in a ‘growth recession’?

November 21st, 2007 | Category: Federal Reserve, International Markets, China

There’s an old Wall Street adage that goes, “Sometimes the Street’s chorus is a chorus of two.”

And there’s perhaps no better example of that than the current debate by the strength of the U.S. economy. Professionals in the Concrete Canyon have been amassing on either side of two camps for months: “The U.S. economy is headed toward recession” or “The U.S. economy will continue to grow.”

Still, as history

demonstrates, and opposite to the current ‘chorus’ on Wall Street, sometimes there are more than two options. For example, what whether the U.S. economy is headed toward a growth recession? I.E. a protracted period of sub-trend GDP growth.

Continue reading Is the U.S. in a ‘growth recession’?

Original post by Joseph Lazzaro

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