Joseph Carlson, relaying another source: Recession will happen

The window it was checked over

NBER-based recession indicator: Federal Reserve Bank of St. Louis via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

giving but you see that's coming to an end and now we're going to see the Full Throttle of these lags that everybody's talking about well where are the lags they're staring Us in the face and I think right it might not be this or next quarter story but it's going to be coming in the next 12 months or else we'll just take the history books throw them out we'll tell everybody that mother nature and the business cycle has been repealed and that recessions don't exist but they always follow the pattern of what the fed's already been doing he is convinced that a recession is coming it is inevitable people wonder where the recession is until it finally hits now I'll admit that this interview is a little bit more spooky than most because he's very bearish and he has a lot of convincing arguments there seems to be more Merit to what he's saying and we know that part of what he's saying is true there is a probability in fact it may be a high probability that we enter into a recession over the next 12 months so what does that mean for us investors the way that I think about this is pretty simple I always assume that there's a decent probability that we could go into recession it's a normal course

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