The case begins with some kinks in recent data. Rising GDP has not led to the fall in unemployment predicted by Okun’s Law, established in the 1960s by Arthur Okun, an economist.
Apart from the specific trends highlighted above, which cause some investors to worry, the report portrays an overall optimism borne by the recent healthy real-estate "upcycle" and improving economy.
Regulatory uncertainties are not necessarily a cause for alarm, points out mark Benedict, an entomologist at the centers for disease control and prevention.
Gasoline futures soared on Friday in anticipation of higher demand this summer, but gains were limited as a plunge in U. S. home sales added to worries about the pace of U. S. economic recovery.