The Economic Week Ahead, Feb. 27 - Mar. 3

The economic indicators this week are likely to confirm that the economy is experiencing a rolling recession. Single-family housing is still in a recession. That's likely to be confirmed by  January's pending existing home sales (Mon) and 2/24 mortgage applications (Wed).

Manufacturing growth stalled last year through January. February's Dallas and Richmond Fed regional business surveys (Mon & Tue)--along with last week's NY, Philly, & KC surveys--should indicate that February's M-PMI (Wed) might have ticked up, but remained under 50.0 (chart). January's durable goods orders excluding transportation (Mon) probably continued to stall at a record high.