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 WhiteEvidence 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]”
Created: 8/11/2026, 7:06:30 AM
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