Despite a Recent Uptick, Initial Claims, Remain in a Non-Recession State of Mind

Former JPMorgan Chase Global Chief Economist & Ph.D. in Economics

Many Economists have spent the last two years looking for clues that would confirm the U.S. economy was either in a recession or about to enter one.  That journey is like Billy Joel's path when composing one of his signature songs, “New York State of Mind.”  Billy Joel traveled on a Greyhound bus from Los Angeles to New York City after struggling to jum…