Forecasting a recession with construction data — Philip Pilkington

Forecasting recession for the end of year unless construction data reverses. Single variable thinking based on one key factor only, or is he onto something?

Amid labor-supply constraints and economic shocks, the case for productivity-boosting interventions is clear. Unless US policymakers use a combination of investment and incentives to reverse negative productivity trends, the US will achieve modest growth, at best.…