Heterodox
Both production and transportation are down from 2022 peaks; why wasn’t that enough to cause a recession? – by New Deal democrat While I have written about how the Index of Leading Indicators failed last year, as the loosening of and disinflation in supply chains overwhelmed the effects of Fed tightening, it wasn’t as if Fed tightening had no effect. In fact in the typical places where we would first expect to find those effects – namely, in...
Read More »Both production and transportation are down from 2022 peaks; why wasn’t that enough to cause a recession?
