Bloomberg: Odds of A Recession Hit 100% in ‘Blow to Biden’

[PatMiles]

Bloomberg: Odds of A Recession Hit 100% in 'Blow to Biden'

There is essentially no chance of escaping a serious economic downturn, according to Bloomberg Economics. | Economy

www.breitbart.com

The U.S. economy is effectively certain to enter a recession in the next 12 months, according to model projections from Bloomberg Economics.


Bloomberg News described this as “a blow to President Joe Biden’s economic messaging ahead of the November elections.”


The probability models maintained by Bloomberg economists Anna Wong and Eliza Winger had earlier shown just a 65 percent chance of a recession over the coming 12 months.


A separate Bloomberg survey of 42 economists predicts the probability of a recession over the next 12 months rose to 60 percent recently, up from 50 percent a month earlier.


The odds of entering a recession even sooner are also up, according to the model. In the 11-month window, the probability is 73 percent, up from 30 percent. In the 10-month window, the probability rose to 25 percent from zero.


The Bloomberg Economics model uses 13 macroeconomic and financial indicators to predict the chance of a downturn at horizons of one month to two years.

The Bloomberg Economics model uses 13 macroeconomic and financial indicators to predict the chance of a downturn at horizons of one month to two years. The odds of downturn increased in every time frame, Bloomberg reported.

 

[rtB]

They'll just change the definition - again.

 

[TXAZ]

FJB.

 

[HeavyAssault]

Dems loose the House and Senate.....2023 stocks bottom out, inflation goes sky high.....Dems jump to the good ol' "Never let a good crisis got to waste" routine....Tout the GOP as the reason the nation is in the tank....Blah blah blah till Nov 2024....

Better get ready for it.

 

[Hobo Hilton]

2023 will be a worse financial year than 2022.
Chart shows the decline and momentum of the fall - S&P 500 (1 year)

 

[MtnCreek]

Aren't we past three quarters of neg growth, two being the definition of recession? And if you look at spending, more of that is going to basics due to inflation. The jobs numbers are still good due to what gov did to the market by removing large numbers from those wanting to be employed. Total cluster and by design. Remember, the folks actually making decisions aren't stupid, they want the destruction.

 

[Marinevet1]

In case you haven't been paying attention, we have been in a recession for a while now......FUCK JOE BIDEN.........

 

[lonegunman762x51]

A "recession" is two quarters of negative growth. We are in quarter four of negative growth and 8-9% inflation, declining jobs, layoffs, shrinking profits and a slowing housing market.

I am kind of curious about the 18% of stupid cocksuckers in America who think Biden is doing a great job with the economy. I wish they would get these fuckwits an IQ test.

 

[Redmanss]

Bloomberg News is just a right wing extremist news outlet looking to damage the Dems, run by Trump's people.

Oh, wait....

 

[atomic41]

The engineered destruction of the USA is almost complete. We are not voting our way out of this.

 

[Bigfatcock]

I’m gonna vote so hard!

 

[n2ishun]

I’m gonna vote so hard!

But...
Will you be able to get close enough to the voting booth sporting that much wood ?

Dunno about y'all, but voting damn near gives me an "innie".
Everything from the fuckstain you meet in the line to the fuckstain directing you to a booth, to the fuckstain machine or paperwork you have to deal with.
Yes, even registering to vote involves a fuckstain at some point.

 

[FWoo45]

 

[Hobo Hilton]

Bloomberg: Odds of A Recession Hit 100% in 'Blow to Biden'

There is essentially no chance of escaping a serious economic downturn, according to Bloomberg Economics. | Economy

www.breitbart.com

The U.S. economy is effectively certain to enter a recession in the next 12 months, according to model projections from Bloomberg Economics.


Bloomberg News described this as “a blow to President Joe Biden’s economic messaging ahead of the November elections.”


The probability models maintained by Bloomberg economists Anna Wong and Eliza Winger had earlier shown just a 65 percent chance of a recession over the coming 12 months.


A separate Bloomberg survey of 42 economists predicts the probability of a recession over the next 12 months rose to 60 percent recently, up from 50 percent a month earlier.


The odds of entering a recession even sooner are also up, according to the model. In the 11-month window, the probability is 73 percent, up from 30 percent. In the 10-month window, the probability rose to 25 percent from zero.


The Bloomberg Economics model uses 13 macroeconomic and financial indicators to predict the chance of a downturn at horizons of one month to two years.

The Bloomberg Economics model uses 13 macroeconomic and financial indicators to predict the chance of a downturn at horizons of one month to two years. The odds of downturn increased in every time frame, Bloomberg reported.

"The Mass Extinction Event for startups is underway," according to a recent tweet from Tom Loverro, a general partner at IVP, which has backed companies including CrowdStrike, Datadog, Discord, Klarna, Slack, Snap and Twitter. "It is a news footnote most of the time. Don't be fooled. The market has changed. Funding announcements get lots of headlines. Bankruptcy filings…less so." The Wall Street Journal turned his insight into a great story here.
We'll leave you with Loverro's honest outlook. "Late '23 & '24 will make the '08 financial crisis look quaint for startups," he wrote in this insightful thread

A startup 'mass extinction event' has begun. You can't see it clearly yet, but it's going to be bad.

Startup failures are rising from artificially low levels. A capitulation event in the next year is possible, where a large number of startups fail.

www.yahoo.com