What are the choices for monitoring and estimating recession risk? Slightly lower than the number of stars in the universe. Ok, I’m exaggerating, but not much. The good news: the search for robust, relatively reliable indicators narrows the field dramatically. But there’s always more to learn, in part because the supply of data sets is vast, increasingly so. Which brings me to another indicator that looks promising: state coincident indexes.
Daily Archives: February 20, 2024
Macro Briefing: 20 February 2024
* Delinquent commercial property loans exceed reserves at largest US banks
* Boom in EV battery metals showing signs of turning into a bust
* China banks cut key interest rate as economy falters
* Germany likely in recession, advises the country’s central bank
* Capital One will buy Discover, uniting two of the largest credit card firms
* SoftBank’s Masayoshi Son looks to raise $100 billion for new AI chip venture
* Goldman Sachs lifts S&P 500 target to 5,200 in 2024 on upbeat profits outlook:
