100% Chance

Economists have predicted 20 of the last 5 recessions...

Economics is great at explaining why something happened or what may happen in the future but complete shit at predicting when something will happen.

For a decade in the run up to the 2008 housing crash everyone was saying it was just around the corner but they were wrong for 9 of the 10 years.

If every year you predict the world will end or the market will crash, eventually you will be correct...

They couldn’t resist adding “in blow to Biden”

Stupid fucks.

These fucks want a recession SO BADLY and it's just NOT HAPPENING. I love it. Go get em, Powell.

Shit like this is why we had the layoffs we say at the beginning of the year. It was all hysteria made up by a bunch of idiots who want a recession for…. Reasons.

The economy is strong, inflation is down overall (though still high), and unemployment has been below 4% for nearly 2 years, something we haven’t seen for more than 20 years.

The recession we’ve seen this year is fake.

lol that rag will take any chance to attack anyone left of center

Never trust financial institutions opinions

The GDP fell for two quarters though. They just changed the definition of recession.

True, but that most likely means that the Finance houses found a new bubble or regulation capture that will allow them to buy mega yachts for a few more years until it blows up and governments bail them out with public money again.

Just keep changing the way you calculate inflation every 2 years, problem solved.

"The report of my death was an exaggeration." -Mark Twain

Don't get your panties in a bunch - they said 100% likely but they didn't talk about the 80% margin of error, that's all!

You know who else has a recession? ( going by public definition of recession of 2 quarters of negative gdp growth)

There's a 50% chance things will happen 100% of the time. Guaranteed.

It's not a prediction if it already happened.

Well you were fucking wrong josh wingrove. Get bent wanker .

So I guess if bloomberg says economy is projected to grow, we're all screwed lol.

Permanently Deleted

Haha.

I don't think people realize that a recession is always a 2008 scenario. There was a recession in the early 1980s that didn't hit hard and only lasted around 6 months.

Due to high interest rates, oil fears, and the housing market that scenario is more likely to reoccure than 2008.

There was a recession earlier this year but the media didn't want to report on it.

2 consecutive quarters with negative GDP growth is a recession. There's been like 2 or 3 since 2020.

All of the people who can still afford food and housing forgetting that the world doesn't revolve around them and that the world is in the midst of a depression...

Not Bidens fault mind you. It's just another global systemic failure to add to the list.