That would be consistent with a recently published report by Merrill Lynch Chief Economist David Rosenberg suggesting a 100% probability of a recession. Reading from his latest writing:
“We recently unveiled a new recession probability indicator that uses the shape of the yield curve (10-year note/3-month LIBOR) and corporate spreads (Baa) to predict the probability of [...]
1913 Intel
International Conflict, Western World Threats and Geopolitical Intelligence
100% Probability of U.S. Recession in 2008?
Posted by Matt in December 26th, 2007 | no comment
Published in Economy, U.S., 12 Months, 3 Month Libor, Chief Economist, David Rosenberg, Death And Taxes, Downturn, Fed Funds Rate, Good Job, Hmmm, Likelihood, Merrill Lynch, Odds, Probability, Recession, Recessions, Relevant Numbers, Shadow Of A Doubt, Shape, Sure Thing, Yield Curve
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