Recession Unlikely According To BoA, while MKM Sees 1937 Parallels

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Rupert Hargreaves
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At first glance, recent data from the industrial and transport sectors indicates that the US is heading towards a recession. However, while some figures indicate that a recession could be just around the corner, the usual preconditions are not in place, and the most effective indicators are signalling a low risk of recession according to a research note issued by Bank of America’s US economic research team to clients this week. Industrial production contracted in three out of four quarters in 2015, after posting a solid 3.7% gain in 2014. What’s more, industrial production, payrolls and factory hours all slowed in three out of…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk