JPMorgan keeps increasing the chances of a recession.
Now, the banking giant, places the odds at 60% that a recession will hit in the next two years. They put the chance of it happening in the next 12 months at 28%.
This is almost double what the NY Fed sees.
Click on image to read full article.
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This also doesn't include such indicators as the rising FED rate. According to the Austrians, that very low FED Rate we've had for years causes bubbles of malinvestment to form. Rising rates will cause those bubbles to burst and lead to an economic downturn. And we've had rates very low for a very long time...
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Great post!
Thanks for tasting the eden!
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This is an evident result of a global recession. Thanks for the info.
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