Andrei Jikh, 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

money back all they get to do is ruin our credit score for seven years but that's about it that's why when you go to borrow money to buy actual collateral that can be repossessed like a car or a house that's when we get those rates that are far closer to that prime rate which today is eight percent but that's where it starts so your prime rib roast rate starts at eight percent but if you have anything negative on your credit score that's when it starts to go up above eight percent anyway side tangent here but that took me a while to understand but overall the prevalent theory is that we'll most likely get a recession in the second half of this year and the warning signs are practically everywhere other parts of the economy are flashing warning signs too there's been a lot of speculation since the recent failures of a couple of large Banks this could spark a reduction in in credit you know if banks are becoming much more nervous they've seen a bit of deposit flight in some of these small and Regional Banks this combination of higher borrowing costs and reduced access to credit this double pincer movement if you like on the household and the corporate sects of America is I think what could

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