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A ME-P Reader Opinion Poll
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DEFINITION: NBER defines a recession as “a significant decline in economic activity that is spread across the economy and that lasts more than a few months.” That definition encompasses a range of economic factor but is based on three main criteria: The depth, diffusion and duration of a downturn.
CITE: https://www.r2library.com/Resource/Title/082610254
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Former Federal Reserve Chair Alan Greenspan recently said a US recession is the “most likely outcome” in 2023 as the central bank tightens monetary policy to curb inflation.
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Filed under: iMBA, Inc., Investing, Op-Editorials, Voting Polls | Tagged: opinion poll, opinions, poll, recession, voting poll |
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Agree
EARL
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Alan Greenspan is correct.
Steve
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The stock market is poised to plunge to new lows in the first half of 2023, according to Fairlead Strategies’ Katie Stockton. Stockton told CNBC on Tuesday that a “volatility event” could send the VIX soaring to 50. “The seasonal influences are sort of petering off here in terms of that Santa Claus rally, so we’re losing that tailwind,” Stockton said.
Xia
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Sure thing!
Dr. Che
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RECESSION
At least it’s looking like a “mild recession.” The four biggest US commercial banks kicked off earnings season yesterday with a mixed bag of results. Though bank lending is looking profitable right now thanks to higher interest rates, the institutions said they were socking away more cash than analysts expected to cover loan defaults in preparation for a recession.
Both JPMorgan and Bank of America indicated that they anticipate the downturn will be a “mild” one, but that they have to prepare for the worst anyway. They’re also probably psyched not to be Goldman Sachs, which hasn’t reported earnings yet but revealed that it lost $3 billion on its attempts to serve consumers since 2020.
Regina
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