Did The Recession Start Three Months Ago?

Jay Powell has spent the last 3 hours in the Senate answering questions how long until the US slides into recession (really, it’s mostly been a filibuster by Dems on the Senate Banking Committee explaining to Powell how Biden is not responsible for soaring inflation), but a much better question is “whether the US is already in a recession”, especially since the .Bloomberg Econ model now sees 98% odds of a recession in 24 months (up from 75% just a few days ago).

The first to answer this question is Piper Sandler, which answers “perhaps” and shows that the typical bear market follows the start of a recession with a delay of 95 days, and eventually exhaust itself with an average total drawdown of 40%…

Keep reading this article on Zero Hedge - Blog.

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