The U.S. is likely to fall into recession in 2023, says survey of economists

[libertybele]

Recession or depression?  I'm thinking we'll see a depression worse than the 'Great Depression' that lasted from 1929-1939.  Will we recover??

The U.S. is likely to fall into recession in 2023, says survey of economists

A U.S. recession is all but unavoidable for next year, according to a majority of leading economists in a new poll.

Nearly 70% of 49 respondents expect the National Bureau of Economic Research to declare a recession next year, according to the FT survey conducted with the Initiative on Global Markets at the University of Chicago Booth’s School of Business that published Sunday.

The Atlanta Fed’s GDPNow forecast now sees economic growth in the second quarter coming in at 0.9%, following a 1.5% contraction during the first quarter.

A third of those surveyed — results were gathered between June 6 and June 9 — see the NBER’s recession call holding off until the second half of next year, while about 40% see it during the first or second quarters of 2023. ................

https://www.marketwatch.com/story/the-u-s-is-likely-to-fall-into-recession-in-2023-says-survey-of-economists-11655111407?mod=home-page

[LMAO]

We will recover. We always do. The question is will it be a nice robust recovery like after 1982? Or will it be a Obama era style recovery?

[DefiantMassRINO]

Are the economists one-handed or two-handed?  Harry Truman is still seeking his elusive two-handed economist.

[sneakypete]

MY opinion is that we are headed towards a depression that will bankrupt the nation.

That will be the cheapest AND the easiest way for the Globalists to take over. Not only won't they have to start a war that MIGHT put THEM in danger,but they get to buy it all up at bankruptcy prices.

Don't forget,economic collapses don't mean the same things to them they do to the common people. Instead of disaster,they sell them as opportunities.

[cato potatoe]

I'm not sure what keeps us in positive GDP growth in Q2 of 2022.  Maybe April is propping up the next two months, when consumer sentiment cratered, and the dems finally came to recognize inflation as a problem.

[DB]

I'm not sure what keeps us in positive GDP growth in Q2 of 2022.  Maybe April is propping up the next two months, when consumer sentiment cratered, and the dems finally came to recognize inflation as a problem.

What keeps us positive? Numbers generated by liars and fools to attempt to hide from the public what is happening due to their failed policies.

[Bigun]

What keeps us positive? Numbers generated by liars and fools to attempt to hide from the public what is happening due to their failed policies.

B I N G O ! ! !

[rustynail]

Then it could be the fault of the republican congress.

[Cyber Liberty]

Utter bullshit.  We are one Quarterly release of GDP numbers away from the official designation of a "recession."  It will be official at the end of this month, June 2022.

[Cyber Liberty]

Then it could be the fault of the republican congress.

Signs say, "You betcher sweet ass it's the fault of the Party with no power."

[catfish1957]

We will recover. We always do. The question is will it be a nice robust recovery like after 1982? Or will it be a Obama era style recovery?

One overwhelmong factor in each subsequent major recession or correction, is where the country stands on debt incursion.  Debt to GDP ratioing is criticical is sizing up the upside of any recovery. 

Less incremental money as it funnels down from the fed limits our ability reinvest in ourselves, and thusly improved economic conditions.

UNLESS....

We invoke an austerity program of substance, and actually substantially reduce our soverign debt.

And....   I am not holding my breath anytime soon for that to happen.

[catfish1957]

I'm not sure what keeps us in positive GDP growth in Q2 of 2022.  Maybe April is propping up the next two months, when consumer sentiment cratered, and the dems finally came to recognize inflation as a problem.

In an hyper inflationary economy those GDP numbers actually might show up positive.  Of course the 2022 $USD might only be worth 80% of the 2020 version. 

So Bidenflation might even mask what truly is a disaster, but not look that way......   except in your bank account and wallet.

[mountaineer]

zerohedge
@zerohedge
We are about to see a tsunami of mass layoff announcements. This table is about to be dozens of pages long. By Aug, we will have negative payrolls

8:38 AM · Jun 14, 2022

[Bigun]

https://www.youtube.com/watch?v=bOMksnSaAJ4

[Bigun]

https://www.youtube.com/watch?v=tp3HEBNvZjk

[IsailedawayfromFR]

zerohedge
@zerohedge
We are about to see a tsunami of mass layoff announcements. This table is about to be dozens of pages long. By Aug, we will have negative payrolls

8:38 AM · Jun 14, 2022

I for one would love to see the likes of Twitter and Facebook dominate that list.

Even better, governmental employees.

[libertybele]

MY opinion is that we are headed towards a depression that will bankrupt the nation.

That will be the cheapest AND the easiest way for the Globalists to take over. Not only won't they have to start a war that MIGHT put THEM in danger,but they get to buy it all up at bankruptcy prices.

Don't forget,economic collapses don't mean the same things to them they do to the common people. Instead of disaster,they sell them as opportunities.

I agree and if the U.S. enters a depression and economic collapse, so will the rest of the world.  That's the end game.  People like Soros and Gates will control the populace.

[Hoodat]

Nearly 70% of 49 respondents expect the National Bureau of Economic Research to declare a recession next year, according to the FT survey

That's 34 of 49.  The other 15 are the Paul Krugman types who use their economics degrees as an inroad into politics.

[DB]

That's 34 of 49.  The other 15 are the Paul Krugman types who use their economics degrees as an inroad into politics.

Hey... Maybe the other 15 think it will be this year instead of next year...

[libertybele]

Hey... Maybe the other 15 think it will be this year instead of next year...

I think those other 15 are correct.

[sneakypete]

I was talking politics with a couple of lesbians I met to day at  a Subway Shop,and even THEY agreed that the goal of the DNC was to create a Stalinist World Wide Government to rule the entire world.

When the Dims lose the lesbian support,you know they are past the point of no return.

It is either beat the bastards and elect Trump and other non-Apologetic Americans come the next election,or plan to fight for your life and lose afterwards.

Thanks to generations of the welfare state sucking in uneducated parasites from Third World Countries who came here for the "free" housing,food,clothing,medical care,and montly check,not to mention the millionaires like 3rd or 4th generation farmers who whose parents and grandparents worshiped FDR as "America's Savior",conservatives are now vastly outnumbered.

BTW,I am friends with a multi-millionaire local farmer. His family somehow had the money (or connections to get it) to buy up a LOT of farms and timberland during the depression,and have expanded at every opportunity since then. IIRC,they even own a sheep ranch in Australia.

Hell,they made a lot of money hiring cheap labor to cut timberland and sell off the logs,and then clear out the stumps so they could plant crops.

Say something like "GD Dims"near him,and he will get so mad he will just stand up and walk away from you. He is so brain-washed that he actually thinks the people who slam the Dims are the ignorant ones,and not worth arguing with because they "just don't understand".

[mountaineer]

Phil Kerpen
@kerpen
The Atlanta Fed just dropped GDP nowcast for Q2 to 0.0%.

12:42 PM · Jun 15, 2022