Analysis: Recession or no recession?

Market participants remain divided whether the US and global economies can avoid a recession. In this latest analysis piece, I examine the evidence on both sides of the argument and conclude that, despite welcome resilience to date, there is little realistic chance that a recession can be avoided, with inevitable further consequences for asset prices. The complacent assumption that, if economic conditions deteriorate, there will still be a return to free money remains prevalent in many quarters. The return of inflation and rising interest rates, in other words, have not so far punctured “the everything bubble” completely. You can download the article as a pdf here, or follow this link http://www.globalopportunitiestrust.com/recession-no-recession/