Coin Bureau, relaying another source: Recession will happen

Said on May 2, 2023, at 19:03 in the video.

What was said
Coin Bureau

@coinbureau

“based on what I've heard on the many macro podcasts I listen to a recession could start as soon as this summer or as late as next spring”
Watch at 19:03First Republic Collapse: Is The Banking Crisis Getting Worse?
PredictionRecessionwill happen
What happened
Relayed

Somebody else's forecast — not scored

The window it was checked over

RecessionWindow checkedRecession (NBER)
−0.200.20.40.60.811.2202020212022202220232024Said on May 2, 2023
−0.500.511.52020202120232024Said on May 2, 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

Somebody else's forecast — not scored

What was said around it

scheme to work if this credit contraction continues the U.S economy will follow suit and this will eventually be reflected in the markets note that this is exactly what the FED wants because it will bring inflation down the Practical effect of this credit contraction will be a recession which many analysts myself included have been calling for since last summer so far no recession but these things do take time interest rate hikes can take over a year to affect the economy the credit crunch also takes months and it's only just begun based on what I've heard on the many macro podcasts I listen to a recession could start as soon as this summer or as late as next spring some macro analysts also believe the recession won't happen for technical reasons for example unemployment could remain low in stark contrast to real recessions now I can't say I know which way it'll go but I reckon that markets will struggle even without a recession if this credit contraction continues for the time being it looks like it will but this doesn't mean the FED won't be injecting liquidity Elsewhere for other reasons if it does well get ready for a market rally and that is all for today's video if you found it informative

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

See all