Wells Fargo analysts warn that the probability of a U.S. recession is more than 25 percent during the next six months, the highest since the Great Recession era.
“At present, we are not calling for a recession within the next six months. However, given that the recession probabilities based on our preferred model and average of all models are somewhat elevated, it is not wise to entirely dismiss recession risk," Philly.com cites John Silvia, chief economist at Wells Fargo & Co., as saying after sifting employment data, stock market valuations and economic output reports.
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A recession happening 6 months from now would play perfectly into Trumps hands for winning the election.
ReplyDeleteAwe man, not again!
ReplyDeleteWe've been in a recession since 2008 only the rich have benefitted from it.
ReplyDeleteWe will stay in this recession-like economy as long as we are suffering under Progressive economic policies.
ReplyDelete