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Odds of a recession and severity

Posted on 3/22/23 at 4:53 am
Posted by themasterpater
I travel
Member since Sep 2014
1342 posts
Posted on 3/22/23 at 4:53 am
What do you think the odds of a recession are?

If there is a recession, what do you think the duration and severity is?

No recession? Short and mild? Long and mild? Short and severe? Long and severe?


Posted by Grooler
USA
Member since Dec 2009
484 posts
Posted on 3/22/23 at 6:41 am to
quote:

What do you think the odds of a recession are?


Low. Lots of people will scream recession, but recessions are almost always caused by unexpected shocks to the economy. I don’t see anything specific indicating a shock to the economy, except banking issues. If we can circumvent adverse financial market conditions, odds of no recession increase.
Posted by slackster
Houston
Member since Mar 2009
84610 posts
Posted on 3/22/23 at 6:45 am to
quote:

What do you think the odds of a recession are?


100% in time, but I suspect you’re asking about the odds of a recession in the next 12 months specifically, which is a different story.

I think it helps to consider that since 1900, the odds of a recession in any given year are about 25%. I know just enough to know that any opinion much stronger/weaker than that is typically wrong.
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1567 posts
Posted on 3/22/23 at 6:50 am to
80%, 2 years, and severe. If I had to guess. We’ve been squeezing into this spot for the better part of six years. You can count on our overlords to do the wrong things at the wrong times, 100% of the time. If they kick the can again and make it mild, we’ll double dip recession which may be good for politicians but not for the rest of us.
Posted by Hayekian serf
GA
Member since Dec 2020
2503 posts
Posted on 3/22/23 at 6:55 am to
The longer they keep putting band aids on the sucking chest wound that is our economic situation, the worse the recession will be.

But it’s coming. I have little doubt.

And this time the fed won’t be able to play kick the inflationary can down the road.

We deserve all the economic pain we will endure.
This post was edited on 3/22/23 at 6:56 am
Posted by Shepherd88
Member since Dec 2013
4579 posts
Posted on 3/22/23 at 7:30 am to
This guy from 1875 said 2023 should be a buying year. He’s been pretty solid so far.
LINK /
Posted by BestBanker
Member since Nov 2011
17474 posts
Posted on 3/22/23 at 7:36 am to
Recession has occurred and is ongoing now. The severity is all up to the emotional response in accepting the truth and moving ahead in life without bogging down in selfish, negative behavior.
Posted by themasterpater
I travel
Member since Sep 2014
1342 posts
Posted on 3/22/23 at 7:45 am to
This actually a good perspective that I wasn't expecting
Posted by joshnorris14
Florida
Member since Jan 2009
45195 posts
Posted on 3/22/23 at 7:48 am to
quote:

recessions are almost always caused by unexpected shocks


quote:

I don’t see anything specific indicating a shock to the economy


That's kind of a necessary component of being "unexpected", isn't it?
Posted by el Gaucho
He/They
Member since Dec 2010
52910 posts
Posted on 3/22/23 at 8:04 am to
It’s ok baw


Uncle Pootie is gonna save us with his nukes
Posted by saint tiger225
San Diego
Member since Jan 2011
35348 posts
Posted on 3/22/23 at 8:12 am to
IIRC, the last 8 out of 9 times the feds increased the interest rates, we went into a recession. The only time we avoided it was in the 90s, can't remember the exact year off the top of my head.

Not saying one way or another, just thought that was interesting.
Posted by Grooler
USA
Member since Dec 2009
484 posts
Posted on 3/22/23 at 8:17 am to
quote:

That's kind of a necessary component of being "unexpected", isn't it?


Sure, if you’re being pedantic. Shocks can unfold over different durations. See GFC vs covid recessions.
Posted by themasterpater
I travel
Member since Sep 2014
1342 posts
Posted on 3/22/23 at 8:28 am to
Nifty
Posted by tigerfoot
Alexandria
Member since Sep 2006
56204 posts
Posted on 3/22/23 at 8:30 am to
shite, I thought we were in one already.
Posted by themasterpater
I travel
Member since Sep 2014
1342 posts
Posted on 3/22/23 at 10:12 am to
I agree we are in one. How long and severe do you think it will be.
Posted by el Gaucho
He/They
Member since Dec 2010
52910 posts
Posted on 3/22/23 at 10:51 am to
This is the long winter where in 20 years you’ll wonder how things ever got so bad

The good news is the democrats are gonna redefine poverty
Posted by I Love Bama
Alabama
Member since Nov 2007
37694 posts
Posted on 3/22/23 at 10:53 am to
quote:


Low. Lots of people will scream recession, but recessions are almost always caused by unexpected shocks to the economy. I don’t see anything specific indicating a shock to the economy, except banking issues. If we can circumvent adverse financial market conditions, odds of no recession increase.


This is the dumbest thing I have ever read in my life.

OP- It is 100% guaranteed. Anyone with an ounce of knowledge of central banking and history of rate hikes will agree.

Those that don't agree have no historical knowledge and don't understand how the financial world operates at even a high school level.
Posted by tigerfoot
Alexandria
Member since Sep 2006
56204 posts
Posted on 3/22/23 at 11:42 am to
quote:

I agree we are in one. How long and severe do you think it will be.

I dont know fancy financial terms. But in my humble opinion, we will be here indefinitely, I just do not see any govt official getting out of the way and letting the market fail....they dont mind destroying us as long as they are reelected.
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
63867 posts
Posted on 3/22/23 at 11:48 am to
Banks in trouble, we hear about massive layoffs every week, housing has already slowed down significantly, it feels like it's coming. In fact, I think if republicans were running everything right now in these same circumstances, the media would have already declared us to be in recession on the way to depression.
Posted by TIGERSby10
Central Lafourche
Member since Nov 2005
6913 posts
Posted on 3/22/23 at 12:08 pm to
WE ARE IN A RECESSION NOW

Let's hope we don't get into a depression.
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