by Steven Hansen
When the headlines this week announce the trade gap has shrunk because of declining imports, it could be one more warning flag of a recession.
The USA employment is definitely in a cyclical “less good” downtrend based on month-over-month employment trends. There are no employment drivers coming from either government or private sectors. Demand per capita is weak.
This is the table that accompanies the weekly economic review article at Global Economic Intersection – and is a summary of the analysis, investing and opinion articles published this week. Please see the weekly economic summary article: “Trade & Recessions – Missing the Forest for the Trees.”