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Podcast: Money Life with Chuck Jaffe
Episode: Edward Yardeni: Rolling recessions, yes, but also 'rolling recoveries'
Description: Edward Yardeni, president and chief investment strategist at Yardeni Research, says it is possible that long-term recession predictors like the inverted yield curve and leading indicators may not be right this time, but mostly because the economy has been going through a series of recessions in various sectors. At the same time as those niche downturns, Yardeni says there have been simultaneous recoveries occurring in other portions of the economy, creating a counterbalance that has kept the United States out of a full-blown recession and which appears likely to keep it out of any protracted decline. Also on the...