With Deepest Condolences To the AP Economics Desk

According to the Philadelphia Fed, economists are climbing down off the recession ledge (that minority of economists who thought we were on the brink of recession are, anyway).

The so-called "Anxious Index" now indicates less than 28% of economists surveyed believe the economy will slip into recession next quarter.  Having peaked at 43% this cycle, the AI failed to reach even its lowest of recession-era peaks observed over the last 40 years.

This might seem like cheerworthy news, but please try to keep in mind the recessionistas and professional gloomsayers whose lives become ever drearier when beset by such good news.

(HT: Odd Numbers)