Could a recession be just around the corner?
- Written by Amitrajeet A. Batabyal, Arthur J. Gosnell Professor of Economics, Rochester Institute of Technology
The U.S. economy is growing at the fastest pace in five years, American companies are earning record profits and unemployment is at the lowest level in almost half a century.
So why are Wall Street and some economists suddenly worried about a recession?
Financial markets in particular have been signaling that trouble is brewing. The Standard &...