We're currently receiving a lot of mixed signals about the direction of the economy?
Inflation has dropped to 2.9%. And retail sales for July just beat expectations.
That's good, right?
But unemployment has rising to 4.3%, triggering the Sahm Rule recession indicator. And credit card and auto loan delinquencies are spiking. Wait -- those sound pretty concerning...
So, what's the true health of the economy?
Are we still on track for a soft/no landing scenario as we've been told for many quarters?
Or might it be wise to start preparing for something harder?
For answers, we're fortunately to speak today with someone who tracks the unfolding macro data on a daily basis, Mike "Mish" Shedlock, publisher of MishTalk.com
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#recession #marketcorrection #unemployment
