U.S. economy showing signs of recession, analysts say - and that doesn't bode well for stocks
Low unemployment, rising compensation growth, reduced profit margins and elevated investment in durables have historically been useful predictors of upcoming recessions, noted J.P. Morgan economist Jesse Edgerton in a new report.
Based on the current levels of those variables, he thinks the chance of a recession within two years is as high as 40 per cent, rising to 66 per cent within three years.
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