Podcasts Business Investing Notes on the Week Ahead The Recession that Didnt Bark

The Recession that Didnt Bark

Published: Oct. 3, 2022, 3:05 p.m.

A famous Sherlock Holmes story concerns the abduction of a race horse and a guard dog that didn\u2019t bark.\xa0 For those who haven\u2019t read the story, I\u2019ll skip over the reason for the dog\u2019s silence.\xa0 The point is he didn\u2019t bark \u2013 no alarm was raised \u2013 no actions were taken - and the horse disappeared.\nEntering the fourth quarter of 2022, the U.S. economy is teetering on the edge of recession.\xa0 However, it is a recession that has been delayed and potentially softened by an excess demand for labor, the lack of over-building in the most cyclical sectors of the economy and healthy bank balance sheets.