Mises Wire
Author:
C.Jay Engel
Online Publish Date:
Signs of a looming recession are everywhere. Durable goods orders plunged and the Atlanta Fed’s GDP estimate was lowered to 1.4% from 1.9%. Meanwhile, existing home sales “ tumbled ” in February and the difference between pro forma and GAAP corporate earnings numbers are at the highest since the previous financial crisis. Writes Barron s: