Despite the strong 3.1% growth of the U.S. economy in the first quarter, the UCLA forecast said much of the data behind that number offered “little reason to celebrate.” UCLA economist Edward Leamer pointed to weak residential construction, investment in homes and apartments and investment in software and intellectual property research — as well as the inverted relationship of 10-year and three-month Treasury bond yields — as factors that raise the likelihood of a national recession.

Source: Los Angeles Times June 05, 2019 08:03 UTC