Is This the Beginning Crack of a Recession?

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In a downturn, people stop spending on very big ticket brand name items. In very bad times, you tend to delay your purchases. Alan Greenspan tracks the sale of men's underwear as a real indicator of consumer spending and potentially economic growth.

Economists have more information at their fingertips than ever before. And yet, in many ways it’s become more difficult for them to predict if–and when–a recession is coming.

Why is that? US economy reporter Katia Dmitrieva joins this episode to talk about how economists peering into the future are turning to all kinds of tools–some expected (employment data), and others….not so expected (men’s underwear?).

And Simon Kennedy, who leads Bloomberg’s economic coverage, gives his answer to the question on everyone’s mind these days: will there be a recession this year, or not?

Read more here: https://bloom.bg/400cafw

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