Pouta Ka News Today : Breaking News, Live Updates & Top Stories | Vimarsana

1969. but here is the issue. look at this. this is the stock market since 2009. and while it's not a proxy for the economy, what this chart tells you is that we've been in an expansion, economic expansion the past ten years. so the question many people are asking are -- is are we due for a recession? now despite all the indicators that have trevor investors wondering how imminent the next recession is. the reminder there will be a recession. there always is. the next guest says the risk is low. kevin has okay is the chairman of the council of economic advisers. >> i'm a little embarrassed to w...

>> about labor flows. . i want to put that up and have you zroib it. this is the share of adults starting work who were not in the labor force rather than unemployed. not in the labor force means you weren't actively looking for work. >> and this is one of the most remarkable charts that i have seen ins i've been here. and i get happy about interesting charts. what this means is 73.5% of the people who got a job -- okay is the last month for the calculation -- 7 process.5% of the people who got jobs came from out of the labor force. i think it was a year ago when i argued for the tax cuts. say...

2011, 1990 were presided by the inverted yield curve. what does that mean to you. >> there is big academic lit tour. really i think in the end that what i've learned about watching recessions now about 30 years is that usually what happens is that you just wake up one day and you get one. you could make a chart the next time i come on of what jobs data looked like before a recession. what happens you is cruise along in the hundreds and all of a sudden boom a negative number. and so you might recall there are the famous criticisms of ben bern naeng for not predicting the financial crisis ahead ...

Were in 1980 in terms of labor force participation. the number of people who could be working who are working that's gone down. it's sort of been you know bouncing around for the last few years. but that hasn't shone the improvement that your last chart would have indicated it should be. >> you know if you put the chart back up i would luke to talk through that because it's important. can it go back up. >> yes it's zblup if you look at the chart, then if you were to go back to like 2009 and then estimate a trend for that chart like through today. >> yes. >> through last year, 2017, then it wou...