Next recession: David Rosenberg says odds are at 80%, damage is done - Business Insider

It loosely translates to "the bets are made," and it's a gambling reference to when the roulette wheel is spinning.

He was referring to the Fed's nine interest-rate hikes between 2015 and 2018, implemented to normalize policy after years of emergency measures spurred by the Great Recession. "What if I told you that historically, when the Fed engaged in a 400 basis point-plus tightening cycle, the odds of recession in the next 12 to 24 months was 80%," Rosenberg said.

What’s famous about somebody who has been wrong more than a few times?

$1.75 trillion US currency in circulation. The richest 400 Americans have $2.6 trillion. Ok, Im confused. How much cash does the 330,000,000 plus hard working US citizens have in their bank accounts then? What if no one wanted a private entity bank account, which isnt required?

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