Yeah Baby, the Economy's Shagadelic...or is it?

Is the Mojo Gone?

Groovy baby! Austin Powers here reporting live from…well my shag pad naturally. But I've been keeping a sneaky eye on the financial markets and let me tell you something's not quite right yeah? The markets did steady after a bit of a wobble but these transportation stocks – the backbone of our lovely economy – seem to be throwing a right hissy fit. And when they are sad the economy might be too. Oh behave! I hope not.

JB Hunt: Hunt for Profits is on Hold

JB Hunt and C.H. Robinson these cats are usually swinging baby SWINGING! But lately they've been doing a Austin Powers sad face. I hear JB Hunt is down like a clown (an 18% downer to be precise) which is a bit of a fright! This can sometimes be a sign of things to come but let's not lose our heads eh?

Recession? Not Necessarily Baby!

Now some squares are saying this could mean a recession is headed our way. But hang on a tic! Michael Reynolds a rather clever cat from Glenmede says it's not time to panic. He reckons the odds of a recession have gone down especially since we're being nice with China (tariffs wise!). But he also said "Are we going to get our trend 2 to 2.5% growth in 2025? We don't think so". Hmm it's a muddle through scenario.

Muddle Through Baby!

So we might avoid a full blown economic disaster but things won't be totally shagadelic either. We could get by alright. It is like Goldmember said "I love gooooold!". Meager economic growth might be enough to make corporate earnings good and the stocks not to go down more.

Danger! High Voltage! (Debt that is)

But here's the rub: even if we avoid a recession it might take a mountain of government spending to keep things afloat yeah? And that means more debt! John Luke Tyner some brainy bloke from Aptus Capital Advisors reckons we'll either inflate our way out grow our way out or... well he says defaulting is a no go. I sure hope that is not an option baby!

Yeah Baby! Where Do We Go From Here?

So where does that leave us? A bit confused if I'm honest! A mixture of growth and inflation that can't be good but could also not be that bad! Let's just hope we can keep the mojo flowing avoid any nasty surprises from Dr. Evil and keep this economy groovy baby! Groovy!