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

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Cullen Roche

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.

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