Q4’s margin figure is only one tick below the all-time high of 10.3% set in Q4 2011.
Lots of pundits calling for a double dip recession. In this month’s “Inside The Stock Market” Doug Ramsey questions their rationale and uses history as a guide to say that we don’t think so.
In this month’s “Of Special Interest”, Eric Bjorgen analyzes the Coincident Economic Indicators, which the NBER uses to date the beginning and ending points of recessions. Three of the four measures are indicating a recession has already begun.