Fortune (December 19)
“While America’s labor market may not be collapsing, Moody’s Analytics has highlighted that it is inching steadily closer toward a key recession indicator, with analysts now placing the probability of an economic contraction at around 40%.”
Tags: $40, Analysts, Collapsing, Economic contraction, Labor market, Moody’s Analytics, Probability, Recession indicator, U.S.
The Atlantic (October 14)
“Last week, amid widespread geopolitical turmoil and a weakening U.S. dollar, the price of gold hit a historic high of $4,000 an ounce. This year has so far been gold’s best since 1979.” This is not a portend of a strong economy. Over the most recent half century, gold has proven to be a fairly effective “recession indicator” as “spikes in the price of gold have typically been correlated with widespread inflation and geopolitical dysfunction.”
Tags: 1979, Dysfunction, Economy, Geopolitical turmoil, Gold, High, Inflation, Price, Recession indicator, Spikes, Weakening U.S. dollar, Widespread
