Joseph Carlson: Recession will happen

Said on Sep 19, 2023, at 11:04 in the video.

What was said
Joseph Carlson

@josephcarlsonshow

“there is a good chance we could go into recession over the next year”
Watch at 11:04Preparing For the 2024 Recession
PredictionRecessionwill happenby Dec 31, 2024
What happenedafter 1 year
Incorrect

No recession is dated between Sep 19, 2023 and Sep 18, 2024. More than 15 months have passed since the window closed, so the period is settled.

30 days

Incorrect

90 days

Incorrect

180 days

Incorrect

1 year

Incorrect

The window it was checked over

RecessionWindow checkedRecession (NBER)
−0.200.20.40.60.811.2202020212022202320242025Said on Sep 19, 2023
−0.500.511.52020202220232025Said on Sep 19, 2023

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.

Result at every window

All windows are shown, so none is picked
Result at every window
WindowResultAt the startAt the endChangeBenchmark
30 daysR-MACRO-REC v4Incorrect——Oct 19, 2023——
90 daysR-MACRO-REC v4Incorrect——Dec 18, 2023——
180 daysR-MACRO-REC v4Incorrect——Mar 17, 2024——
1 yearR-MACRO-REC v4Incorrect——Sep 18, 2024——
3 yearsR-MACRO-REC v4Pending——Sep 18, 2026——
5 yearsR-MACRO-REC v4Pending——Sep 17, 2028——
Stated deadlineR-MACRO-REC v4Incorrect——Dec 31, 2024——
Why: 30 days

No recession is dated between Sep 19, 2023 and Oct 19, 2023. More than 15 months have passed since the window closed, so the period is settled.

Why: 90 days

No recession is dated between Sep 19, 2023 and Dec 18, 2023. More than 15 months have passed since the window closed, so the period is settled.

Why: 180 days

No recession is dated between Sep 19, 2023 and Mar 17, 2024. More than 15 months have passed since the window closed, so the period is settled.

Why: 1 year

No recession is dated between Sep 19, 2023 and Sep 18, 2024. More than 15 months have passed since the window closed, so the period is settled.

Why: 3 years

The window is still open. The result is due after Sep 18, 2026.

Why: 5 years

The window is still open. The result is due after Sep 17, 2028.

Why: Stated deadline

No recession is dated between Sep 19, 2023 and Dec 31, 2024. More than 15 months have passed since the window closed, so the period is settled.

What was said around it

of gasoline starting to rise with the brunt and the WTI Crude that Andrew spoke about a few minutes ago and they're going to continue to go up and that will be reflected in the price of gasoline and therefore in the headline rate so we also have this big challenge of interest rates being higher for longer so we have the mainstream media as well as a lot of informed opinions saying that we're going into recession the end of this year or early next year now of course there's no way of certainty to know what's going to happen but I think they make a sound argument there is a good chance we could go into recession over the next year the thing that they leave out that they never say amongst all of these headlines is it doesn't matter if we go into recession or not does not really matter for the huge majority of investors let me explain what I mean by that when I look at doing analysis on any company we can take for example into it intuit's a new company my portfolio I bought it just this year the company's done really well this year along with a lot of other tech companies and if I bring up into it on qualtrim I can see how recession could potentially impact this company when I look at the

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