Is an Economist an Expert?

“We will have a recession because we’ve had five months of zero M2 growth, money supply growth, and the Fed isn’t even looking at it.” Steve Hanke, Economist - John Hopkins University

“I don’t see anything that resembles a recession. We have record low unemployment, record high vacancies. That looks like a strong economy.” Richard Thaler, Nobel Prize Winner - Economist - University of Chicago

“A recession is more likely than a soft landing…” Liz Ann Sonders - Economist - Charles Schwab

“The U.S. is not heading for a recession in nominal terms, even if it is in real terms.” Steen Jakobsen - Chief Investment Officer - Saxo Bank

“I do not think the U.S. is currently in a recession.” Federal Reserve Chair Jerome Powell

“I don’t think we’ve fallen into a recession yet.” (August 8, 2022) David Mericle, Economist - Goldman Sachs Research

“We are in a recession.” CEO Cathie Wood - Ark Invest

“Are we in a recession? We don’t think so yet.” Joel Prakken, Economist - S&P Global Market Intelligence