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To quote Van Morrison, “Here comes the night.”
Bloomberg’s recession probability over next 12 months is … 100%.
And how about the Conference Board’s Leading index of 10 economic indicators YoY? Third negative read ALWAYS followed by recession.
![](https://gregsfinancialminute.com/wp-content/uploads/2022/10/Bloomberg-Recession-Probability-Is-100-Over-Next-12-Months-Conference.jpg)
The Federal Reserve may be forced to pivot. This may be one reason why the Dow is up 565 points today (+1.86%) as recession and pain become ever more likely.
Look at commercial banks deposits. Wonder why liquidity is drying up?
![](https://gregsfinancialminute.com/wp-content/uploads/2022/10/Bloomberg-Recession-Probability-Is-100-Over-Next-12-Months-Conference.png)
And to paraphrase Van Morrison, Biden/Pelosi/Schumer please go.
![](https://gregsfinancialminute.com/wp-content/uploads/2022/10/1666530038_946_Bloomberg-Recession-Probability-Is-100-Over-Next-12-Months-Conference.gif)
And to paraphrase Van Morrison, Biden/Pelosi/Schumer please go. Powell too.
![](https://gregsfinancialminute.com/wp-content/uploads/2022/10/Biden-Releasing-10-Million-More-Barrels-of-Oil-From-US.jpg)
Need to hear Them’s “Gloria” for the weekend.
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Image and article originally from confoundedinterest.net. Read the original article here.