It Is Crashing! (The Recession Probabilities)
Best recession ever
Once again, the recession never came. Economists and markets spent much of the past year bracing for a downturn—citing rate hikes, inverted yield curves, and slowing indicators—only to watch the economy remain stubbornly resilient. It’s a familiar pattern. As the old adage goes, "macroeconomists have predicted seven out of the last three recessions." This latest false alarm reinforces a truth markets hate to admit: timing the cycle is harder than it looks. Here are a number of charts that show that the US economy is staying out of the recession.