M.U. Professor Says Recession Not Imminent
President Biden will speak to Congress tonight (Tuesday) – in his annual state of the union address and try to demonstrate that the country is not headed into a recession. A University of Missouri professor says multi-university research can help predict if we are.
Accounting Professor Ken Shaw says a model based on how corporations report and misreport financials—creates trends that can foretell a recession.
Shaw and his accounting colleagues study the financial reports of thousands of companies to create a model. Their next measure will be in months.