Are we heading into a recession?

In spite of all the good news growth remains anemic. Productivity is growing at less than 1.0%, placing a cap on the expansion.

US manufacturing is still stagnant according to the purchasing managers.

Backlogs, and this is the real bad news, have declined over the past 12 months – something that has happened during recessions or very slow economic periods.

The economic scenario used in our investment strategy is one of slow growth. It has major repercussions on earnings, commodities, and inflation.

George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
Author, Profiting in Bull and Bear Markets

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