Duy: "No, A Recession Is Not Likely In The Next Twelve Months"

A few excerpts from Professor Tim Duy at Fed Watch: No, A Recession Is Not Likely In The Next Twelve Months. Why Do You Ask? Headlines blared the latest recession warning today, this time from David Rosenberg of Gluskin Sheff & Associates. The culprit will be the Fed: "Cycles die, and you know how they die?" Rosenberg told the Inside ETFs Canada conference in Montreal on Thursday. "Because the Fed puts a bullet in its forehead." I get this. I buy the story that the Fed is likely to have a large role in causing the next recession. Either via overtightening or failing to loosen quickly......(read more)

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