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."