The Real Economy: Volume 55
Recession watch: What’s the bond market saying about future growth?
THE REAL ECONOMY |
Identifying the exact month or months when a business cycle starts and ends is part science and part art. While our estimation is that we have a near miss on a recession this year, the probability of an end to the current business cycle is rising due to trade policy and tight monetary policy. The bond market is clearly signaling that absent a cessation of trade hostilities or a shift in monetary policy, we are now late in the business cycle.
In this issue of The Real Economy, we explore what the bond market and other indicators are saying about future economic growth for the middle market. In addition, we look at what’s under the hood in the recent jobs report. In our Industry Spotlight, we examine hospital revenue bond activity. Download the full report.
IN THIS ISSUE
We explore what the bond market and other indicators are saying about future economic growth for the middle market.
Investors are eyeing higher-yield hospital revenue bonds amid bargain prices. So why haven’t health care systems issued more bonds?