Finance expert Mike Periu on the increasing probability of a recession.
Jeremy Piger, Associate Professor of Economics at the University of Oregon, has developed a new model for determining the probability of an impending U.S. recession. The Federal Reserve Economic Dataset (FRED) has added Piger’s model to its information database.
The model looks at four variables: non-farm payroll employment, the index of industrial production, real personal income excluding transfer payments and real manufacturing and trade sales. Whereas the previous four models showed a less than 2 percent chance, the most recent model shows a 19.56 percent probability of recession.
Who is Mike Periu?
Mike Periu is the President of Proximo, LLC, a company that markets education and training programs to small business owners, entrepreneurs and consumers.
Mike Periu has been interviewed over 500 times for broadcasters including CNN, NBC TVE, RTE and others. Mike is a contributing author to OpenForum, Yahoo! Finanzas and the Huffington Post.
Mike graduated from Georgetown University in Washington, DC. His degrees are in Finance and International Business. In addition to his work Mike is also on the Board of the Council for Economic Education.
A little about Mike Periu
Periu founded Proximo, LLC nearly 15 years ago. The company provides small business education and training services with an emphasis on finance and technology.
Periu teaches empowerment through entrepreneurship and economic opportunity. He regularly appears on television and radio talking about these subjects.
Periu also writes for leading blogs about finance. These include: American Express OpenForum, Yahoo! Finanzas and the Huffington Post.
Periu studied Finance and International Business at Georgetown University. He is a Board member at the Council for Economic Education.
