Jonathan Levin, Columnist

Is It Time to Cancel the Recession Altogether?

A streak of positive economic data has prompted forecasters to push back calls for a downturn. Could their narrative simply be wrong, not early?

June 27, 2023 at 6:33 PM UTC

By Jonathan Levin

Jonathan Levin is a columnist focused on US markets and economics. Previously, he worked as a Bloomberg journalist in the US, Brazil and Mexico. He is a CFA charterholder.

Economists insist on seeing rain despite the sunshine.
Photographer: Nicolas Tucat/AFP/Getty Images

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The US economy keeps surprising the doomsayers, and Tuesday’s data is just latest the example:

Here’s Yardeni Research’s Ed Yardeni’s spot-on take on the numbers (emphasis mine):