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Re: How far will bonds go?
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[ QUOTE ] [ QUOTE ] U.S. has a 95% chance of hitting a recession within the next two quarters IMO. Bond markets are doing a much better job of pricing this in than the equity markets. [/ QUOTE ] define recession. Barron [/ QUOTE ] The National Bureau of Economic Research is accepted as the official government determination of when a recession occurs. It is normally (but not always) two consecutive quarters of decline in real GDP. They do take other factors into consideration. Recessions Jimbo [/ QUOTE ] I wanted to get PRE's definition of recession...for betting purposes. Barron |
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