John Lonski Quotes
We also had an outright inversion in 1998 and there was no recession until 2001, although I would add there was a deterioration in corporate financial health that got underway in 1998 that didn't really end until 2002.
Tweet
Outright | Inversion | 1998 | Recession | 2001 |
comments powered by Disqus
This largely explains why the credit market shrugged the number off... And the LEI up three-tenths (of a percentage point) shows the economy isn't in danger of slowing anytime soon.
- John Lonski
