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Poll results

Sponsored by: OTELCO, a fiber internet provider

As a Mainebiz contributor wrote in a column last week, the current rate of inflation — originally considered a temporary cost of COVID recovery — may stick around for quite a while.

Other experts now worry that the U.S. is drifting toward potentially more dangerous economic straits: recession.

There is “at least” a 1-in-3 chance the country will experience a recession over the next year, Moody’s Analytics Chief Economist Mark Zandi recently told CNN.

The yields for U.S. Treasury notes are edging close to an inversion, CNN noted, where interest rates on short-term bonds move higher than those paid on long-term ones. Inverted yield curves usually signal that investors are more nervous about the immediate future than the broader horizon.

A yield curve inversion has preceded every recession since 1955.

Are you worried that the U.S. will soon enter an economic recession?
Yes, a recession is likely over the coming months (52%, 143 VOTES)
No, we'll endure inflation, but recession is unlikely (32%, 89 VOTES)
At this point, I can't say (16%, 43 VOTES)
Poll Description

Sponsored by: OTELCO, a fiber internet provider

As a Mainebiz contributor wrote in a column last week, the current rate of inflation — originally considered a temporary cost of COVID recovery — may stick around for quite a while.

Other experts now worry that the U.S. is drifting toward potentially more dangerous economic straits: recession.

There is “at least” a 1-in-3 chance the country will experience a recession over the next year, Moody’s Analytics Chief Economist Mark Zandi recently told CNN.

The yields for U.S. Treasury notes are edging close to an inversion, CNN noted, where interest rates on short-term bonds move higher than those paid on long-term ones. Inverted yield curves usually signal that investors are more nervous about the immediate future than the broader horizon.

A yield curve inversion has preceded every recession since 1955.

  • 275 Votes
  • 3 Comments
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3 Comments

  • March 30, 2022

    Over the past hundred years, we average a recession every eleven years, so we are due. Those businesses that are taking on debt for growth will pay the price. As Warren Buffet said, "only when the tide goes out is when you discover who was swimming naked." Buckle up; the next two years will be a bumpy ride!

  • James Benoit
    March 30, 2022

    Economics 101, reduce government spending in a time of high inflation

  • March 28, 2022

    The government has caused this to happen by pumping free non-existing money into the economy with all of the Covid relief. There is no such thing as a free lunch, the bill will come do for all of the wasteful spending of the last 2 years.