Friday was a bad day in certain media and political precincts as the labor market turned in another gangbuster performance in January. The recession may not be imminent after all, and more people are working and making more money. Apologies to Senators Bernie Sanders and Elizabeth Warren and the writers at Bloomberg for the good news. To be fair to the gloomsters, some economic signals have been negative. Consumer and business confidence has been lower following the stock market’s plunge in the autumn, especially December....

Source: Wall Street Journal February 01, 2019 23:26 UTC