3. The St. Louis Fed Stress Index remains below zero this week at pre-recession 2007 levels, suggesting that the amount of stress in the financial markets is consistent with an economy in a recovery, not an economy in recession, or on the brink of recession.
4. The Chicago Fed’s National Financial Conditions Index is also indicating no sign of recessionary conditions, and continues on a downward trend this week that started about a year ago, indicating improving, not deteriorating, financial conditions.
Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan's Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.