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Economic Dashboard: Blinking Red Lights

Mount Equity Group Tokyo Japan > News > Markets > Economic Dashboard: Blinking Red Lights

The economic dashboard of leading and lagging indicators is illustrating stress in the general and global economies. My observations while passing through airports and residing at hotels would make me say, “What is the problem?” The airports are full of tourists and infrequent flyers that are most likely burning through stimulus savings and building up credit card debt. Closely watch what happens after Labor Day: Phase 1, and then Phase 2 after the holidays to see if this continues.

Major companies are now in a “freeze mode” concerning hiring and some technology companies, real estate firms, and recently Walmart are laying people off. Baby boomers are now returning to the workplace after both the stock prices and home values have been declining and inflation is eating away from real dollars earned.

Many of the leading economic indicators are in a recession mode. The Leading…

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