Tips for Spotting a U.S. Recession Before It Becomes Official

As the U.S. nears a record-long expansion in July, the conversation is increasingly turning to when it will all end. Recessions are inherently hard to spot. The National Bureau of Economic Research’s Business Cycle Dating Committee, a panel whose determinations of when expansions begin and end are accepted as official, generally waits about a year … Read moreTips for Spotting a U.S. Recession Before It Becomes Official

A Morgan Stanley economic indicator just suffered a record collapse

Morgan Stanley’s Business Conditions Index, which captures turning points in the economy, fell by 32 points in June, to a level of 13 from a level of 45 in May. This drop is the largest one-month decline on record and the lowest level since December 2008 during the financial crisis, according to the firm. Every … Read moreA Morgan Stanley economic indicator just suffered a record collapse