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

U.S. Army Conducts Gunnery Exercise With Latest Air Defense System Sgt Stout.

U.S. Army officials confirmed that a live gunnery exercise at Fort Hood, Texas, is underway, featuring the latest-generation Sgt Stout short-range air defense system. The drills mark a significant step toward full operational integration as units across the force adapt to evolving threats from drones, rotary-wing aircraft, and low-flying munitions. It matters because Sgt. Stout enhances the Army’s ability to defend forward-deployed troops and critical infrastructure from modern aerial threats. Read full Defense News at this link ... A U.S. Army SGT Stout SHORAD air defense vehicle maneuvers into firing position during live-fire training with the 6th Battalion, 56th Air Defense Artillery Regiment at Fort Hood, Texas, on October 3, 2025. (Picture source: U.S. Department of War) Read More from World Defence News https://ift.tt/NYmsS1n via IFTTT
Post a Comment
Read more

US Budget Proposal Seeks F-22 Raptor Stealth Jet Upgrades to Protect Air Dominance

 Lockheed Martin’s F-22 Raptor fighter jet is confirmed to receive major upgrades under the proposed FY2026 budget plan to ensure its sustained edge in air dominance operations, according to the U.S. Air Force Financial Management and Comptroller. Despite the emergence of sixth-generation designs, the Air Force’s dedicated $90 million budget aims to extend the Raptor’s relevance. This move underscores a broader strategy to protect critical stealth assets against evolving threats from China and Russia. It highlights a firm commitment to bridging the gap until Next Generation Air Dominance systems mature.  Read full defense News at this link.  The planned FY2026 viability upgrade marks a clear signal that the F-22 remains a backbone of U.S. air dominance doctrine (Picture source: U.S. Air Force) from World Defence News https://ift.tt/xebSkjs via IFTTT
Post a Comment
Read more

Raytheon Australia Integrates Sidewinder Missile With NASAMS Launcher to Strengthen Air Defence

 On June 30, 2025, Raytheon Australia integrated Sidewinder Missile on NASAMS High-Mobility Launcher strengthening ground-based air defence capabilities. In a significant demonstration at the Woomera Test Range, the Australian Army’s 16th Regiment, Royal Australian Artillery, successfully fired the AIM-9 Sidewinder missile from a Hawkei High-Mobility Launcher, marking a world-first for this missile-platform pairing. This milestone underlines the growing relevance of adaptable, layered air and missile defence systems for Australia’s national security.  Read Full Defense News at this link.  The successful integration of the Sidewinder missile onto the NASAMS High-Mobility Launcher represents a tangible leap in Australia’s ground-based air defence (Picture source: Australian Army) from World Defence News https://ift.tt/XxVBQHy via IFTTT
Post a Comment
Read more