![]() ![]() Although the popular averages are setting records, they only measure a part of the stock market. Wall Street is also looking ahead to a flatlined economy. By August the model had dropped to 6.1 percent by the middle of September it declined further to 3.7 percent. economy - was above seven percent in May. Its GDPNow model - a real-time measure of the health of the U.S. Manufacturing (again, hat tip to Bloomberg) dropped by 0.7 percent in September compared to August.īack in May, Jim Paulsen, chief investment strategist for the Leuthold Group, said the coming recession would be caused by “the overuse and abuse of economic policy” by the Biden administration.Īccording to the Federal Reserve Bank of Atlanta, Paulsen is spot on. The production of motor vehicles fell by 7.2 percent in September, following a decrease of 3.2 percent in August. U.S Industrial Production (reported by Bloomberg) dropped 1.3 percent from the previous month (August), which itself was revised downward to negative territory. ![]() economy confirm the professors’ conclusion. The Conference Board’s consumer expectations index has reported at 25.3-point drop in 2021 while the University of Michigan’s index recorded an 18.4-point drop.Įven worse, those two indices predicted the 2008 global financial crash with numbers that weren’t as alarming: just a 19-point drop in the Conference Board index and a 21-point decline in the University of Michigan’s index. The professors reported that any time those indices fall by more than 10 points, they accurately predict a recession in the next year to 18 months. We show consumer expectations indices from both the Conference Board and the University of Michigan predict economic downturns up to 18 months in advance in the United States….ĭownward movements in consumer expectations in the last six months suggest the economy entered recession. One of them, Bruce Blanchflower, served on the Bank of England’s Monetary Policy Committee, lending additional credence to their conclusion: Please click here for more information on our author services.Please see our Guide for Authors for information on article submission.Two professors from Dartmouth College think the U.S. ![]() We also provide many author benefits, such as free PDFs, a liberal copyright policy, special discounts on Elsevier publications, language services and much more. Authors are kindly invited to look to published articles for the scope of the journal and the organisation of papers. Manuscripts reporting only computational studies are out-of-scope unless a new method (broadly applicable, validated and available to the community) is reported. The journal expects manuscripts to present a clear rational for a study, provide insight into the strategy and design of compounds and into the mechanism of action, and biological targets. Other topics of interest are molecular aspects of drug metabolism, prodrug synthesis and drug targeting. It provides a medium for publication of original research papers and also welcomes critical review papers.Ī typical paper would report on the design (with or without the support of computational methods), organic synthesis, characterization and biochemical/pharmacological evaluation of novel, potent compounds preferentially with a clear (or proven) mechanism of action and/or target. The European Journal of Medicinal Chemistry is a global journal that publishes studies on the main aspects of medicinal chemistry. ![]()
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