In the first eight weeks of 2016, the economy, as viewed by the stock and commodity markets, was looking shaky. There was talk of recession. Now, not so much, at least according to Jon C. Ogg of 24/7 Wall St., who points out the recent rebound in the stock market but in commodities as well.
Now, what feels like a rapid turn for the better, it looks as though the biggest risks for the U.S. falling back into recession in 2016 have all but vanished.
24/7 Wall St. has identified 15 reasons why the odds of a recession in the United States have moved from a “possible to likely” range down to “possible but highly unlikely.”