The European debt crisis is raising the odds of a U.S. recession, with economic contraction more likely than not by early 2012, according to research from the San Francisco Federal Reserve Bank.
While it is difficult to gauge the odds precisely, an analysis of leading U.S. economic indicators suggests a rising chance of a recession through the end of the year and into early next year, researchers at the regional Fed bank wrote on Monday. The risk of recession recedes after the second half of 2012, they found.
“While it is difficult to gauge the odds precisely, an analysis of leading U.S. economic indicators suggests a rising chance of a recession through the end of the year and into early next year, researchers at the regional Fed bank wrote on Monday.”
Excuse me, “a rising chance of a recession through the end of the year…?”
When did the recession that we are now going through end?
My sense of things, for what its worth, is that we may be entering into a worldwide period of stagflation as governments print money to support unrealistic (by any pragmatic standard based upon ‘real-life’) and unsustainable social programs or even a depression as the demand for goods shrinks to the point where sales plummet, prices drop and factories close.
Re # 1
AnglicanFirst
I completely agree with your assessment.
Ditto.