WSJ Survey: Probability of Recession Down Sharply, But Will Feel Like Recession for Many

[Quixote1818]

If we can avoid a recession this year I think Biden wins even though things aren't perfect. Trump is a flawed candidate.


You have to scroll down a lot:

— Probability of a recession is down sharply, according to WSJ’s latest survey of economists — but for a lot of people it’s still going to feel like a recession. Business and academic economists surveyed by the WSJ lowered the probability of a recession within the next year, to 39% from 48% in the October survey (link). Still, economists on average expect the economy to grow just 1% in 2024, about half its normal long-run rate, and a significant slowing from an estimated 2.6% in 2023.

More: https://www.profarmer.com/news/policy-update/wsj-survey-probability-recession-down-sharply-will-feel-recession-many

[Aristus]

1. Whore Street Journal to the voting public:

"Please, please, please treat this non-recession as a recession in order to give Trump a fighting chance! Please!"

[madinmaryland]

5. Ahh yes. The Murdoch Street Urinal. It's all about racists, rogues, billionaires, and trump.

[LiberalFighter]

2. It will feel like a recession because people decide to overspend beyond normal activities?

Will it be the ones that decide to take vacations in France or Italy? Maybe Cancun?

[roamer65]

3. The Federal Reserve's track record on "soft landings" is abysmal.

Plan on too high and too long from the Fed as usual.

[GuppyGal]

4. Unbridled Corporate Greed nt

[brush]

6. Yep, across the board. Just talked with my gas company about much higher monthly bill.

Was told the rates went up...again.

They use this ruse this time of year: "Did you turn your heat on yet?" Which of course everyone has in the middle of December. That's supposed to somehow justify/soften the blow.

It doesn't. They raise rates whenever they feel like it.