via geofinancialnews:
The probability model for a recession from the Federal Reserve has been steadily increasing and has now reached its highest point since 1982.
The National Bureau of Economic Research (NBER) is known for its slow process of identifying business cycle changes, often lagging behind by months as they consider various data series and wait for revisions. As a result, experts have created models to foretell when these shifts will occur, including when recessions would start. Jonathan Wright developed one of these models while he was employed by the Federal Reserve Board.
DRUCKENMILLER
HARD LANDING pic.twitter.com/67wOcpMUw5
— Win Smart, CFA (@WinfieldSmart) April 29, 2023
Fundamentals have lacunae and favours the Bears- Technicals favouring the Bulls. Which side you inclined to?
— Vertigo (@Cactus08379192) April 30, 2023
MUNGER: “Every bank in the country is way tighter on real estate loans today than they were six months ago .. We have a lot of troubled office buildings, a lot of troubled shopping centres .. There’s a lot of agony out there.”@FT $KRE https://t.co/6qR4kQB19o
— Carl Quintanilla 🔥 (@carlquintanilla) April 30, 2023
JPMorgan is ineligible to acquire First Republic Bank.
It controls +10% of U.S deposits.
Too big to fail.
This ends well. pic.twitter.com/X9jqhx4bTW
— Genevieve Roch-Decter, CFA (@GRDecter) April 30, 2023
There Were 70 Major Bankruptcies In Just 4 Months This Year https://t.co/bTyEm5yfYw
— zerohedge (@zerohedge) April 30, 2023