Is a Recession Possible?

Ryan: John, it took him this long for me to hear your voice. I was going to point out that you just said a recession is likely. He says he thinks we're still on track with his baseline forecast of the economy. Ryan: We got a lot of housing data this week; industrial production actually came in better than expected. The parts of the economy that we would expect to weaken by higher interest rates are all kind of playing out the script,. It's why it's great to have John on, can the consumer hold on?