You're just desperate for there to be a recession before the election, aren't you?
Also, the chart is too wide for the page. Please edit the image and decrease the width.
It almost seems like, since that makes Biden less likely to win reelection. That said, it looks more like statistical noise and is still among the lowest in the entire chart. Total nothingburger.
There's an old saying that economists have successfully predicted 23 out of the last 3 recessions.
I'm also reminded of the British general who confidently predicted in 1914 that the war would be over by winter. Eventually he was right.
Yeah, I'm an optimist and think that we are heading towards a soft landing. But a lot of Dems really don't realize that a soft landing is still a landing. If we get a recession, it will be very mild and short.
But there's pretty much no chance GDP growth in 2024 is better than 2023. So I don't know why they expect the economy to rescue a flailing presidency.
