Forbes: Recession Still Nowhere To Be Seen: What You Need To Know...

By SIMON CONSTABLE

Enough already with the recession talk.

For at least six months, many economists have been forecasting an imminent economic pullback or collapse that would crush the U.S. economy.

Like so many things forecast in the media, it hasn’t happened. Not by a long way. A piece I wrote in June indicated there were few signs of recession, just slower growth.

Still, the calls of economic oblivion keep on coming relentlessly and yet no recession has emerged.

That failure and similar ones is probably the root of the Wall Street quip: “Economists were invented to make astrologers look good.” And those astrologers are looking better every day.

Here’s what you need to know. Read more here. 

Unemployed men queue outside a depression-era Chicago soup kitchen opened by Al Capone 1931. This file was provided to Wikimedia Commons by the National Archives and Records Administration as part of a cooperation project. The National Archives and Records Administration provides images depicting American and global history which are public domain or licensed under a free license.