Weekly Economic Report 10.17.25

We attended the National Association for Business Economics Annual Conference in Philadelphia this week – and our major take away was that despite a generally negative outlook on the macro picture, we did not find many economists who were worried about their particular industry (except housing). This is not unusual, and is part of the reason economics is called the dismal science. As we have often noted, economists are rarely hired to point the way toward growth – that is the job of strategists and CEOs, who more often graduate from business schools. Economists are defense, hired to point out potential pitfalls from changes in government policy, whether monetary, fiscal, or regulatory.

EU10-17-2025.pdf

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