UBS economists predict 93% recession chance - here's what it means for you
Key Points
- UBS predicts a 93% chance of recession while forecasting S&P...
UBS just dropped a recession forecast with 93% confidence, which is roughly the same odds Vegas gives you of losing money at a casino. Published yesterday, this bold prediction comes from the same bank that somehow manages to stay optimistic about stocks while simultaneously predicting economic doom.
The "Soggy" Economy Diagnosis
According to UBS, the U.S. economy is currently "soggy, soft, weak, yes, but not collapsing" - which sounds like they're describing day-old cereal rather than the world's largest economy. Their analysis points to a 23% inverted yield curve and rising unemploymen...
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