Heterodox
– by New Deal democrat This month we started the month with not just the usual two important reports on the leading sectors of manufacturing and construction, but the JOLTS report for August as well (which I will summarize separately). In the big picture, I do not see the US economy falling into recession unless either both construction and manufacturing are in synchronous decline, or else at least one of them contracts very sharply. ...
Read More »Manufacturing remains in contraction, with construction on the brink
