65% Odds On US Recession
The article posted below from CNBC sees a 65% chance of recession coming soon.
It is our opinion that we have been in recession for a while and the administration has been manipulating the numbers to some degree.
US economy recession odds ’65 percent’: Investor
Leanne Miller
65% Odds On US Recession
The U.S. dollar had its biggest one-day decline this week in nearly six years after the European Central Bank surprised the world with a smaller-than-expected stimulus package.
Despite the move, one prominent market observer said the dollar will continue to get stronger — and the U.S. economy will only get worse.
Although the November jobs report that showed the U.S. economy generated a net 211,000 new positions, Raoul Pal, the publisher of The Global Macro Investor, reiterated his bearishness ahead of a widely expected interest rate hike by the Federal Reserve in mid-December.
“The economic situation is deteriorating fast. And meanwhile the Fed seems to want to raise interest rates into that, which I think is a bit of a policy mistake and I think the market is getting more and more concerned from not understanding why they’re doing it,” Pal told CNBC’s “Fast Money” last week.
Read The Complete article on CNBC HERE