7/6/23 Ryan McMaken: Where in the Boom-Bust Cycle Are We?
Scott Horton Show - Just the Interviews
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The Fed's Predictions of a Recession
If we're going off past reliable indicators, it would look like that you're looking at a real full blown recession. The manufacturing survey is tanking actually two different manufacturing surveys that the Fed puts out or tanking to recession era levels. And then there's the yield curve, which has plummeted down to levels that we haven't seen since 1981 and when the yield curve goes negative,. That has basically a 100% accurate record of predicting a recession. But again, I'm just hoping we avoid the worst case scenario, which is recession plus continued high price inflation - so let's just hope that doesn't happen.
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