The recession is coming.
U.S. economists have been gradually ticking up the likelihood of a recession for months.
Now, there is no more playing games.
The latest evaluation of Joe Biden’s economy is that a recession is unavoidable.
It’s Happening
The last report from Bloomberg Economics predicted a 65 percent likelihood of a recession.
That has now changed to a 100 percent chance by this time next year.
The 10-month probability is at 25 percent, with the 11-month now at 73 percent, and October 2023 a certainty, at 100 percent.
Technically, we are already in a recession, but Joe Biden and the media have decided to redefine it on the go.
When the GDP decreased two quarters in a row, the traditional measuring stick, we were in a recession.
Biden continues to dismiss recession talk because of job numbers, but these are jobs that were coming back from the pandemic, and we are still not at the break-even point on that front.
Biden continues to dismiss any talk of a recession, as if wishing it away will make it so…
Joe Biden saying, “Our economy is strong as hell,” while eating an ice cream cone is so tone deaf and out of touch to what Americans actually see in their lives that it feels like the Democrats are intentionally tanking the election. pic.twitter.com/blkc4omdhd
— Clay Travis (@ClayTravis) October 16, 2022
The only people who believe the economy is strong right now are those who work in that big white house on Pennsylvania Avenue.
For everyone else, the recession is already here.
Source: The Blaze
