Is the Income Recession Ending?

Ironsides Macroeconomics 'It's Never Different This Time'

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Is the Income Recession Ending?

Stealth recession, who will buy the bills, death of the repo man, macro muddle

Barry C. Knapp

May 30, 2023

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This audio summarizes our May 27 note, Is the Income Recession Ending?

*Figure 3: Nominal income and expenditure growth track S&P 500 earnings growth, but the fit is tighter with GDI.*

Barry C. Knapp

Managing Partner

Director of Research

Ironsides Macroeconomics LLC

908-821-7584

bcknapp@ironsidesmacro.com

https://www.linkedin.com/in/barry-c-knapp/

@barryknapp

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