Recession Odds Hit 15-Year High as Model Points to 2024 Downturn

• 85% chance of US recession in 2024 according to new economic model by David Rosenberg

• Model has proven more timely than yield curve at predicting recessions

• Highest recession odds since 2008 Great Financial Crisis

• Model explained why yield curve failed to predict 2020 recession

• Rosenberg Stock market not priced for recession despite typical post-Fed rate hike cycle pattern