Arkansas economics professors weigh in on recession risk: “I don’t think it’s the kind of thing that should keep you up late at night,” said Michael Pakko, an economist with the University of Arkansas at Little Rock. “I don’t think there’s a reason for individual families to panic… I think that the statistics that have been leading some people to have a dire outlook for the near future don’t really have the weight that convinces me that it’s a real danger,” said Jeremy Horpedahl, an assistant economics professor at the University of Central Arkansas.
Analyst Comment: Rising prices put downward pressure on demand increasing recession risk. Additionally, I’ve reported on indicators across many industries showing demand is decreasing. These folks are oblivious to the red flags vigorously warning of the coming storm. Unfortunately they are paid a lot of money to teach our young people a bastardized version of economic reality.