There’s a significantly elevated chance that a U.S. recession will begin within the next 12 months. The odds are roughly one ...

A depression is a severe and prolonged downturn in economic activity. It may be defined as an extreme recession lasting three or more years, leading to a decline in real gross domestic product ...

As our chart of the week shows, the S&P 500 has seen a larger drawdown than the 18.9% peak-to-trough drop in the index this year during each recession since 1973.

So here is a chart that you need to watch; it is of LVMH the colossus of luxury. ADVFN It is already 20% down, just a few percentage points from what is considered a crash for an index.

Grey areas denote U.S. recession. As you'll note from the chart, one of the steepest (and lengthiest) inversions of the 10-year/three-month yield curve in history led to a recession probability ...

This catches every recession since the Depression, and entered the danger zone in March (see chart 2). Chart: The Economist Other recession-seers look to the bond market.

Our economy functions well when everything is stable and predictable, including both private and government sectors, Joseph H. Discenza, Ph.D., writes in a guest column.

No one knows for sure, recession or depression. But the lesson here is that our economy functions well when everything is stable and predictable, including both private and government sectors.