Next recession: David Rosenberg says odds are at 80%, damage is done - Business Insider

Famed economist David Rosenberg explains why he puts the odds of a recession at 80%. He says the Fed is squarely to blame.

It loosely translates to "the bets are made," and it's a gambling reference to when the roulette wheel is spinning.

He was referring to the Fed's nine interest-rate hikes between 2015 and 2018, implemented to normalize policy after years of emergency measures spurred by the Great Recession. "What if I told you that historically, when the Fed engaged in a 400 basis point-plus tightening cycle, the odds of recession in the next 12 to 24 months was 80%," Rosenberg said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airstream CEO reveals what's next for the iconic American company - Business InsiderThe CEO of American icon Airstream explains why the company decided to stay in Ohio and how it decided to build a new factory for 21st-century growth
Read more »

Demi Lovato Wants to Start a Family in the Next DecadeShe added that she doesn't know if it will be with a man or a woman.
Read more »

Dominique Crenn's Next Restaurant Will Be All-Vegetarian and Packed with Pastries“I really believe that eating is an act of activism, we are communing with nature every day, and nature is communing with us,” she says. “But we have not done the good work of taking care of nature.”
Read more »

Democrats Growing Nervous About Next Week's Vote On Trial WitnessesThey&39;re not confident about winning enough Republican support to subpoena witnesses and new documents in the impeachment trial of Donald Trump.
Read more »

Activision Blizzard's next esports bet hinges on the power of the Call of Duty franchiseEven 17 years after the first Call of Duty game release, the franchise is still one of the biggest sales drivers for Activision Blizzard.
Read more »

Let's Get 'Physical': Dua Lipa Announces Next SingleDua gave us another glimpse at her 'Future Nostalgia' album on Friday (Jan 24) with the announcement of her next single, 'Physical.'
Read more »