Is a recession coming in the next 12 months?

“Fed data has too much latency. Mild recession is already here. It’s not like just the canary in the coal mine (SVB) died, one of the staunchest miners (Credit Suisse) died too & the cemetery is filling up fast! Further rate hikes will trigger severe recession. Mark my words.”

— Elon Musk, 30 April 2023 · Post on X ↗