Economy and Recession: Chance of Recession Is as High as 80%


via Economy and Recession: Chance of Recession Is as High as 80%: Study – CNBC.

The Philly Fed puts a recession probability at 85.7 percent, while the consumer survey puts contraction chances at 80 percent, according to Bank of America’s probability model, which uses a so-called Bayesian technique that “tests if the economy is in a recession based on the interaction of variables that are associated with turns in the business cycle.”

More bad luck.

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