By Rob Chrisman
Posted To: Pipeline Press
I like economists and math PhD.’s but there is some truth that “experts” have picked 8 of the last 4 recessions. While the U.S. economy is considered to be broadly healthy, as shown by yesterday’s GDP data, at some point they’ll be right, right? Experts point to banks appearing to tighten criteria for commercial and industrial loans, the number of new consumer credit accounts has fallen 6% from its 2016 peak, a University of Michigan survey shows consumer confidence dropping, orders for capital goods are falling , a slowdown in the sale of business equipment continues, and the National Association of Realtors has reported sales of existing homes fell last month to the lowest level since November 2015. Lender Products and Services ISGN Solutions, a premier provider…(read more)
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