Why Talk of a Coming Recession Might Be Wrong

Or So Says Someone Whose Data Rarely Is...

Source: Unsplash

We're going on at least a year, maybe longer, where predictions that a recession is 'imminent' have been seemingly everywhere...

But if we have learned nothing else about the markets and the economy, it's that the consensus isn't always right... In fact, it's often wrong.

That's because herds are just that – herds. Everybody wants somebody else to tell them what will happen next... and if that somebody seems credible, people assume they know what they're talking about.

What I know is that nobody knows, and we wouldn't still be talking about a recession – whether we're in one, we were in one, or we're headed for one – if they did.

This is why the really smart folks simply follow the data...

And when it comes to economic activity, that often means following the freight.

And nobody knows freight like Donald Broughton of Broughton Capital. He's a longtime transportation and freight analyst and consultant who keeps his own sets of data and proprietary algorithms, which according …