Economic trends Articles

Economist on Effects of Coronavirus: ‘Comes like a freight train, but expect it to go away quickly’

Economist on Effects of Coronavirus: ‘Comes like a freight train, but expect it to go away quickly’

The traditional definition of a recession is two consecutive quarters of negative GDP growth – but the worldwide shock of the Coronavirus has forced that model to stand on its head. According to economist Elliot Eisenberg, president of Graphs and Laughs, LLC, and wildly popular presenter at CU Direct’s annual conference over the last few…

Economic and Lending Trends Webcast Recap: Continued Low Unemployment, Recession Fears Wane, But Subprime Auto Lending a Concern

Economic and Lending Trends Webcast Recap: Continued Low Unemployment, Recession Fears Wane, But Subprime Auto Lending a Concern

The U.S. economy is in a “Goldilocks” state of low unemployment and sustained, if unspectacular, growth, but Dr. Elliott Eisenberg warned of a potential trouble spot in subprime auto lending. Eisenberg, an internationally acclaimed economist who has appeared at numerous CU Direct Drive Conferences, spoke during our December quarterly Economic and Lending Trends webinar. During…

Economic and Lending Trends Webcast Recap: GDP Growth is Slowing, But No Recession In Sight

Economic and Lending Trends Webcast Recap: GDP Growth is Slowing, But No Recession In Sight

The U.S. economy posted huge growth numbers in 2018. Conditions have cooled a bit in 2019, but despite numerous predictions of a pending recession in recent weeks, there are signs pointing to continued economic growth, for at least the next 12 months. That was the prediction from Dr. Elliot Eisenberg, nationally acclaimed economist, who spoke…