Recessions are regime shifts that work in a nonlinear fashion, not the smooth linear transitions markets typically model; the probability of recession can jump from 10-20% to 80-90% within 3-4 months as we are currently at the inflection point where market-economy feedback loops can rapidly trigger a transition.

causalpending

Speaker

Simon White

Evidence Quote

Recessions are regime shifts...economies actually do so in a very nonlinear way...Where we are right now is we're at that point where the flux point where the probability can go from being still quite low...to like an 80 90% probability [16:40]

Source

MacroVoices #475 Simon White: The Dawn of A New Financial OrderMacro Voices
Created: 8/11/2026, 7:06:30 AM

My Notes

Loading notes...