Forecast for US Recession Within Year Hits 100%

Re:Forecast for US Recession Within Year Hits 100% by metadat on Wednesday October 19, 2022 @09:30PM (#33269864)

https://archive.ph/C7REn

Has bloomberg claimed to know the future 1 year in advance with 100% probability before?

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Re:Forecast for US Recession Within Year Hits 100% by codefreeordie on Wednesday October 19, 2022 @11:22PM (#33270462)

"now" is "within one year", and we're already in a recession, so they don't need to predict much.

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Re:Forecast for US Recession Within Year Hits 100% by roflyear on Thursday October 20, 2022 @12:18AM (#33270771)

How are we already in a recession?

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Re:Forecast for US Recession Within Year Hits 100% by phi-y on Thursday October 20, 2022 @12:30AM (#33270825)

2 quarters of negative GDP growth is the textbook definition of a recession, and we have had 2

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Re:Forecast for US Recession Within Year Hits 100% by roflyear on Thursday October 20, 2022 @09:44PM (#33283303)

The forecast for this quarter is around 3% GDP growth (annualized) - how does that put us "in a recession" right now? Doesn't that mean the recession is over?

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Re:Forecast for US Recession Within Year Hits 100% by codefreeordie on Tuesday October 25, 2022 @08:56PM (#33338359)

Well, if we have two quarters of positive GDP growth, that would signal an end of an ongoing recession.

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