There was a flurry of recession talk over the last few days, the same "Oh, we're all going to DIE" voices we heard last August when the yield curve also inverted.
Here with a different perspective is Patrick Zweifel:And one that he retweeted:#US private sector sentiment back above neutral level:— Patrick Zweifel (@PkZweifel) February 4, 2020
√ Consumer confidence at its highest level in more than 2 years & #ISM above 50
√ Both measures combined strongly recovered from levels above the ones generally associated with recessions, similar to 2016 and the mid-90s pic.twitter.com/FTX3MT56UW√ Global manufacturing inventories declined to 7-year lows— Patrick Zweifel (@PkZweifel) February 4, 2020
√ #World new orders to inventories sharply rebounded for a 4th consecutive month, which would normally point to higher industrial activity if it was not for the Wuhan #coronavirus pic.twitter.com/uvKnNpZCiG
🇺🇸 Recession Probability— ISABELNET (@ISABELNET_SA) February 4, 2020
Historically, a level greater than 44.5% has indicated a recession. Current ISM levels suggest a recession probability of 10% 👉 https://t.co/m11iBkSWhc
ht @PkZweifel #markets #ISM#PMI #recessions #recession #risks #risk #USeconomy #economy #economics pic.twitter.com/ahgo9J8tGW
