It’s a human shortcoming to favor simple explanations for the business cycle. The notion that reliability and timeliness can be forged in one indicator endures, but recent history has hammered this approach, reminds a new commentary from Axios.
Daily Archives: July 24, 2024
Macro Briefing: 24 July 2024
* Several widely-monitored recession indicators “don’t work like they used to”
* Trading volume tops $1 billion for debut of ether ETFs
* FTC launches probe into ‘surveillance pricing’ that rapidly changes prices
* Eurozone business activity is nearly at standstill in July: PMI survey
* US existing home sales fell for fourth month in June:
