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You are here: Home / Small Business News / 65% Odds On US Recession

65% Odds On US Recession

December 6, 2015 by Kickstarter Team

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.

65% Odds On US Recession

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

65% Odds On US Recession

Filed Under: Small Business News

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