Forecast for US Recession Within Year Hits 100%

Grandpa Biden has created one of the best economies in this century and the US has the best economy in the world, with LOW INFLATION......get off of FOX fuck Nuts and relax, you fool
 
ZappasGuitar said:
When might this recession begin?

You and all the other doomsayers are running out of time.
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July 2023 - Goldman Sachs revised down the odds of a U.S. recession happening in the next 12 months, cutting the probability down to 20% from 25% on the back of positive economic activity.

The investment bank's chief economist, Jan Hatzius, cited a slew of better-than-expected economic data in a research report released Monday.

https://www.cnbc.com/amp/2023/07/18/goldman-sachs-cuts-odds-of-a-us-recession-in-the-next-year.html
 
Eleven months have passed since the OP told us there was a 100 percent certainty of a recession in the next 12 months.
 
ThatOwlWoman said:
Another Minty failed prediction, another thread that aged poorly. What a shame. :laugh:
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It actually wasn’t without merit.
My Schwab account manager says all the indicators are still there. He thinks there’s a 90% probably there will be one within a year.
Not saying I’m hoping there will be one. I don’t.
 
Life is Golden said:
(Bloomberg) -- A US recession is effectively certain in the next 12 months in new Bloomberg Economics model projections, a blow to President Joe Biden’s economic messaging ahead of the November midterms.

The latest recession probability models by Bloomberg economists Anna Wong and Eliza Winger forecast a higher recession probability across all timeframes, with the 12-month estimate of a downturn by October 2023 hitting 100%, up from 65% for the comparable period in the previous update.

The forecast will be unwelcome news for Biden, who has repeatedly said the US will avoid a recession and that any downturn would be “very slight,” as he seeks to reassure Americans the economy is on solid footing under his administration.

But tightening financial conditions, persistent inflation and expectations of a hawkish Federal Reserve pressing ahead with rate hikes are raising the risk of a contraction.

https://www.msn.com/en-us/money/mar...in-year-hits-100-in-blow-to-biden/ar-AA133nzh
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I think that I'll make it so I'm voting for Joe again.

Would prefer better option, but as of now, none exist.
 
Celticguy said:
well considering we cleared that bar in the 2nd qtr its not exactly them going out on a limb.

the only real change is that they're saying 2022 where they had been saying 2023.

they have come to realize that with all the bubbles letting go that pretending otherwise just looks stupid so lets go ahead and get it over and done.

only problem is they are not accepting that this time around is different. very different. painfully different.
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Good call, chump.

:magagrin:
 
Cypress said:
I got the impression MAGAs were literally praying for a recession.
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Agreed. Not the first time RWNJs wish the US would fail.

ThatOwlWoman said:
Of course. Anything that could make Biden look bad, no matter how destructive for American citizens, is good for #TRE45ON, they think.
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Agreed. Note the JPP members who are the most divisive, the most hateful and either directly or indirectly wish for the death of all those to the left of their Alt-Right ideology.
 
Hawkeye10 said:
I listened to my Grandparents when they talked about the Great Depression....unlike almost everyone else I have some idea of what is coming.
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:lolup:

MAGA has been practically guaranteeing an economic depression of unprecedented proportions for three years now
 
Hawkeye10 said:
Who do you think can better manage hard times, keeping their society together?

We're Fucked!
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We have a lot of people who could manage hard times, Biden is one. I am sure there are people who could do better, but Trump is not one of them. He loves to set up houses of cards to make him look better in the short term, but those have bitter effects in the long term.
 
anonymoose said:
It actually wasn’t without merit.
My Schwab account manager says all the indicators are still there. He thinks there’s a 90% probably there will be one within a year.
Not saying I’m hoping there will be one. I don’t.
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You haven't figured out yet that Schwab Account Managers are by and large idiots? I wouldn't let them invest a penny of my money. And I have a total of five Schwab accounts. I always get the VPs calling me. They have given me zero advice that I couldn't figure out on my own. Just sayin'. They have no particular keen economic insights.
 
Doc Dutch said:
Agreed. Not the first time RWNJs wish the US would fail.


Agreed. Note the JPP members who are the most divisive, the most hateful and either directly or indirectly wish for the death of all those to the left of their Alt-Right ideology.
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A lot of MAGAs wanted the Republican congress to default on the debt hoping it would cause a severe recession
 
Hawkeye10 said:
The people are generally too shit quality to handle what is coming...we have had way way too long of the easy "I dont give a fuck, everything is always fine in the end" living.
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s
That is the attitude of the rightys That is always their attitude. The Dems did pass programs to help support those who are hurt by an economy that impacts them far worse than plutocrats. Here we go again, the depression is coming. If you say so. We have the 4th one since Biden got in office.
 
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