Skip to main content

Bloomberg Now Saying A US Recession Is 100% Certain Within The Next 12 Months

The economic downturn is likely to last for eight months  

Bloomberg: Forecast for US Recession Within Year Hits 100% in Blow to Biden 

(Bloomberg) -- A US recession is effectively certain in the next 12 months in new Bloomberg Economics model projections, a blow to President Joe Biden’s economic messaging ahead of the November midterms. 

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 in the previous update. 

The forecast will be unwelcome news for Biden, who has repeatedly said the US will avoid a recession and that any downturn would be “very slight,” as he seeks to reassure Americans the economy is on solid footing under his administration.  

Read more .... 

Update: US recession is now 100% CERTAIN within the next 12 months, according to new model from Bloomberg - but Bank of America CEO says spending and savings data show US consumer is 'healthy' (Daily Mail)  

WNU Editor: The message from President Biden is the opposite. That the economy is strong (see below):

 



from War News Updates https://ift.tt/HgdKPGQ
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Is Putin's Inner Circle Already In Discussions On Who Is Going To Replace Him?

Russian President Vladimir Putin leads a meeting on economic issues in Moscow on Monday. (Alexei Nikolsky, Sputnik, Kremlin Pool Photo via AP)   Daily Beast: Putin’s Own Men Are Already Discussing Who Will Replace Him   Three months into Vladimir Putin’s bloody “special operation” in Ukraine, his own men in the Kremlin are reportedly discussing who will replace him.  That’s according to new reporting by the independent news outlet Meduza, which cited several sources close to the Russian presidential administration who said officials are increasingly fed up with Putin personally.  Some of Putin’s own allies within the Kremlin walls have reportedly floated the idea of Moscow Mayor Sergei Sobyanin becoming his successor, or former President Dmitry Medvedev, who is now the deputy chairman of the Security Council. Sergei Kirienko, the first deputy chief of staff of the presidential administration, was also said to have been discussed as a contender.   Read more ....   Update: Krem
Post a Comment
Read more

US And Russian Chiefs Of Staff Discuss Ukraine In Rare Phone Call

U.S. Chairman of the Joint Chiefs of Staff Gen. Mark Milley (left) and his Russian counterpart Valery Gerasimov (file photo)   The Hill: Milley speaks with Russian counterpart for first time since start of war   Chairman of the Joint Chiefs of Staff Gen. Mark Milley spoke with his Russian counterpart on Thursday, the first such conversation between the two since the Kremlin’s invasion of Ukraine began in late February, according to the Pentagon.  Milley spoke by phone with Valery Gerasimov, chief of the Russian general staff, and they “discussed several security-related issues of concern and agreed to keep the lines of communication open,” Joint Staff spokesperson Col. Dave Butler said in a readout of the conversation.  The Pentagon did not provide further information on the conversation.   Read more ....   WNU Editor: So much for the reports last week that Chief of the General Staff of the Armed Forces of Russia Valery Gerasimov was fired by Putin last week .... Putin rumor
Post a Comment
Read more

US Secretary Of State Blinken Says China Is A Greater Long Term Threat Than Russia

  Daily Mail : 'US does NOT support Taiwan independence': Blinken cleans up Biden's comments in speech saying America doesn't want 'another Cold War' with Beijing and slamming Xi Jinping for cooperating with Putin and being more 'aggressive' abroad  * Sec. of State Antony Blinken issued a stark warning Thursday about China's rise  * Said Beijing's cooperation with Putin 'raises alarm bells' after Ukraine invasion  * Claims Xi Jinping is now 'more repressive at home and more aggressive abroad'  * Cleaned up Biden's Taiwan comments by saying US doesn't back independence  * Insisted U.S. Taiwan policy has not changed in decades, but he did warn against China trying to undermine the status quo  Sec. of State Antony Blinken issued a stark warning Thursday morning that the threat of China will 'test U.S. diplomacy like nothing we've ever seen before' - but insisted America does not want another Cold War and do
Post a Comment
Read more