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Podcast: BiggerPockets Daily
Episode: Recession Predictions: Why They’re Often Wrong, and Why the Narrative Continues to Switch by Anna Cottrell
Description: On any given day, depending on who you ask, we are either years away from the faintest possibility of a recession or about to enter one. Economists have made several dizzying U-turns in their predictions over the past couple of years, with the latest narrative claiming a recession is highly unlikely in 2024 and subsequent years. That’s a stark change in tone from only a year ago. A poll of 70 economists by The Wall Street Journal in January 2023 put the odds of a recession at 61%.Yet at least one independent economist, James F. Smith, dissented and put...