Coin Bureau: Recession will happen

Said on May 2, 2023, at 18:40 in the video.

What was said
Coin Bureau

@coinbureau

“the Practical effect of this credit contraction will be a recession which many analysts myself included have been calling for since last summer”
Watch at 18:40First Republic Collapse: Is The Banking Crisis Getting Worse?
PredictionRecessionwill happenChecked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Incorrect

No recession is dated between May 2, 2023 and May 1, 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)
−0.200.20.40.60.811.2202020212022202220232024Said 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
Result at every window
WindowResultAt the startAt the endChangeBenchmark
30 daysR-MACRO-REC v4Incorrect——Jun 1, 2023——
90 daysR-MACRO-REC v4Incorrect——Jul 31, 2023——
180 daysR-MACRO-REC v4Incorrect——Oct 29, 2023——
1 yearR-MACRO-REC v4Incorrect——May 1, 2024——
3 yearsR-MACRO-REC v4Pending——May 1, 2026——
5 yearsR-MACRO-REC v4Pending——Apr 30, 2028——
Why: 30 days

No recession is dated between May 2, 2023 and Jun 1, 2023. More than 15 months have passed since the window closed, so the period is settled.

Why: 90 days

No recession is dated between May 2, 2023 and Jul 31, 2023. More than 15 months have passed since the window closed, so the period is settled.

Why: 180 days

No recession is dated between May 2, 2023 and Oct 29, 2023. More than 15 months have passed since the window closed, so the period is settled.

Why: 1 year

No recession is dated between May 2, 2023 and May 1, 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 May 1, 2026.

Why: 5 years

The window is still open. The result is due after Apr 30, 2028.

What was said around it

March Banks reduced their lending activity by more than 100 billion dollars if you look closely you can hopefully see that this has only happened twice in recent history before the.com crash in 2001 and before the 2008 financial crisis newsflash but the constant creation of money is required for the Fiat Ponzi 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

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