U.S. Markets open in 6 hrs 44 mins

Is the US Economy Showing the First Signs of Cracking?

Annie Gilroy
Is the US Economy Showing the First Signs of Cracking?

According to David Rosenberg, the chief economist of Gluskin Sheff, 14 economic reports in August thus far have missed expectations. Among those that have missed the expectations are home sales and Markit PMI (purchasing managers’ index). Rosenberg said in a tweet, “Here we have nearly 3 misses for every beat, and yet the bullish chatter on the economy shows no signs of abating.