Victor Davis Hanson, writing in a data-free commentary published by the Independent Institute : NOTE as of 7/26, the Independent Institute’s version of the article has disappeared; I add here another copy of the article, at some site called “American Greatness“. 10/26/2021, MDC.
The Philadelphia Fed released the coincident index for June today. Wisconsin has re-attained economic activity levels recorded at the NBER peak of February 2020.
All suggesting slowing growth…maybe
Is slower than for those that didn’t. From Steve Englander/Standard Charter Bank:
Inflation surged at the beginning of the Korean War, with the economy at full employment. Here’s CPI and PPI inflation then and now…
From NBER today:
The Business Cycle Dating Committee of the National Bureau of Economic Research maintains a chronology of the peaks and troughs of US business cycles. The committee has determined that a trough in monthly economic activity occurred in the US economy in April 2020. The previous peak in economic activity occurred in February 2020. The recession lasted two months, which makes it the shortest US recession on record.