Betting on 2021-2022. Will be bad enough to raise unemployment to about 5-6%, but not nearly as bad as 2007-08.
Wow, I've met bulls before, but this is something else. The next recession is only going to bring the unemployment rate up one or two percentage points? Right...
Well the recession in early 2000s had unemployment peak at 6.3%
https://data.bls.gov/pdq/SurveyOutputServlet
so it wouldnt be unprecedented
I think though the next recession will be at early 90s level
I can see this being the case. I doubt it'll be as mild as the 2001 recession, but I doubt it'll be 2009-09 bad or early 80s bad. Worst case scenario it'll be a 1973-'75 level recession.
