Jim Bianco of Bianco Research explains to Erin Burnett at CNBC the difference between leading and lagging indicators after the release of the Fed’s beige book earlier today.
Why do discussions like this always center around whether we’ll have a double-dip recession? Anemic growth over an extended period will be just as bad as another recession (unless, of course, it’s another really bad one) and it takes years for the official determination of the start and end of these slowdowns to be made anyway.
