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First question: is there a financial bubble?
"Recession forecasts have been wrong for years. Here's why a 'perfect indicator' doesn't exist."
https://finance.yahoo.com/news/reces...090047128.html
""Most of the recent recessions we've had were the result of a bursting of a financial bubble," Pearlstein said. "And none of these economic data really speak to that.""
""almost every recession indicator has not survived the next recession."
""If you know how dice [work], that doesn't help tell you what number is going to come up on the dice, but it tells you how to gamble, and, more importantly, how not to gamble," Furman said.
This comes back to the truth about recession indicators: They can be right for a long time. But anyone who's ever been on a trip to Las Vegas knows that no one can guess correctly where the dice will fall forever."
Last edited by kiora; Today at 11:44 AM.
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