What is truth?

By: Christopher M. Quigley

Is a recession imminent?
The stock market is at a facinating juncture at the moment. Currently there is a monumental battle going on between the bulls and the bears, as they both try to ascertain whether the American economy is going to go into a recession. This fear has been brought about by the official ending of the Bernanke policy of financial repression i.e. artifically induced low interest rates caused by the introduction of Quantitative Easing. To guage whether a recession is on the cards let us look at two of my favourite recession indicators: the Chauvet/Piger Recession Indicator and the NYSE Advance-Decline Line.
I attach below the current reading on the “Chauvet Piger Recession Prediction Indicator”, developed by economists Marcelle Chauvet and Jeremy Piger.

Full PDF Report here: Wealthbuilder Market Brief October 2014

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