U.S. Recession Scorecard: Stuck with reduced visibility

The scorecard indicators remain mixed, including a shift in the yield curve indicator. The government shutdown has limited employment data, confirming a cautious investment approach is needed, as ongoing policy and trade shifts affect the economy. 

Fall 2025 Commentary - U.S. Recession Scorecard: Stuck with reduced visibility

Trade Deals, Deadlines and Delays 

Despite summer typically being more quiet, the headline-filled nature of 2025 has yet to show signs of slowing. A few notable developments have taken place recently, including the signing of a key piece of U.S. legislation and new tariff rates being proposed. We discuss below.

Summer 2025 Commentary - Trade Deals, Deadlines and Delays 

Boldly Going Where No One Has Gone Before

 September 30, 2013 |Tony Pringle

I borrowed the phrase above from Star Trek because, in an effort to describe the extreme monetary policies being used by the world’s largest central banks to try to create sustainable growth and inflation, it seems more than suitable.

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