Financial Survival Network, Released on 8/14/19
Jim Welsh believes we’re in the midst of an economic slow down, but he’s not ready to call it a recession. Global manufacturing has been slowing down for the past year, in large measure due to tariffs. But the service economy is another story. In the US, Europe and China this sector has been quite strong and resilient. Jim thinks we’re going to start seeing weakness in services soon, but we’ll have to see. The future is always uncertain!