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Economy

“Forecast for US Recession Within Year Hits 100%…”

“The latest recession probability models by Bloomberg economists Anna Wong and Eliza Winger forecast a higher recession probability across all timeframes, with the 12-month estimate of a downturn by October 2023 hitting 100%, up from 65% for the comparable period… Continue Reading…

Economy

“”Dr. Doom” Roubini Expects a ‘Long, Ugly’ Recession and Stocks Sinking 40%”

“Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, sees a “long and ugly” recession in the US and globally occurring at the end of 2022 that could last all of 2023 and a sharp correction in the S&P… Continue Reading…

Economy

“Morgan Stanley expects the S&P 500 to plunge another 17%-27% within the next four months — use these 3 top recession-resistant stocks for protection”

“…“Our ’22/’23/’24 base case estimates are now 3%/13%/14% below consensus, respectively,” a team of Morgan Stanley analysts led by Mike Wilson write in a recent note to investors. “In our base case, 2023 now marks a modest earnings contraction (-3%… Continue Reading…

Economy

“Europe heading for recession as cost of living crisis deepens”

“…The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending. While there was some easing of price pressures, according… Continue Reading…

Real Estate

“The Housing Recession Has Begun As New Home Construction Plunges”

“EDITOR’S NOTE: While Yellen’s re-definition and reframing of “recession” caused some controversy a few weeks back, there hasn’t been much pushback on recent data indicating that the housing market is experiencing a recessionary slide. So, what data might be indicating a… Continue Reading…

Economy

“Bank of America Forecasts A “Mild Recession” This Year”

“EDITOR’S NOTE: The big debate playing out on mainstream financial media these days is whether we’re going to see a steady slowdown (aka, a “soft landing”) or a recession. It’s starting to seem that the closer we get to the… Continue Reading…

Economy

“Euro And Dollar Parity Signals A Deep Recession”

“EDITOR’S NOTE: Today €1 = $1. This means the euro has declined to reach parity with the US dollar.  What’s the significance? It’s going to cost European producers and consumers more to import stuff from the US. By the same token, it’ll… Continue Reading…

Economy

“Payrolls increased 372,000 in June, more than expected, as jobs market defies recession fears”

“Job growth accelerated at a much faster pace than expected in June, indicating that the main pillar of the U.S. economy remains strong despite pockets of weakness. Nonfarm payrolls increased 372,000 in the month, better than the 250,000 Dow Jones… Continue Reading…

Economy

“The job market is still ‘red hot’ despite recession fears, as the Great Resignation continues”

“Workers are still reaping the benefits of a hot labor market characterized by few layoffs, ample job openings and a high level of voluntary departures, according to U.S. Department of Labor data issued Wednesday. The numbers reveal that the pandemic-era trend… Continue Reading…

Economy

“Video game sales set to fall for first time in years as industry braces for recession”

“…The global games and services market is forecast to contract 1.2% year-on-year to $188 billion in 2022, according to research from market data firm Ampere Analysis. The sector expanded 26% from 2019 to 2021, reaching a record $191 billion in… Continue Reading…