Goldman’s Hatzius: Data is Still Not Recessionary

Jan Hatzius was on CNBC last Friday to discuss his outlook for the economy. He makes some interesting points:

Current Activity Indicator is running at 1.2% in June, down from May.
The CAI is not showing recession, but is still very weak.
There will be additional QE from the Fed. Most likely to come later in the year.
GDP Forecasts are likely to come down.
The housing recovery is a positive for the economy.
Declining energy prices should help growth.

See the full interview below:

Source: CNBC

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.