The risk premium on high yield bonds indicates that the market is pricing in a 63% probability of recession. In December 2007, the comparable figure was 2%--and by then, as we later learned, the recession was already underway.

Topics:  december   recession   
BING NEWS:
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    01/17/2025 - 12:40 pm | View Link
  • Yellen says Treasury will use 'extraordinary measures' on Jan. 21 to prevent hitting debt ceiling
    In one of her last acts as Treasury Secretary, Janet Yellen says her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the ...
    01/17/2025 - 10:27 am | View Link
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