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Forwarded from The Kobeissi Letter
BREAKING: Prediction market odds of a recession hitting in 2025 have fallen to a new low of 27%.

Since November 1st, odds of a recession beginning in 2025 have HALVED, from 54% to 27%, according to @Kalshi.

Meanwhile, GDP growth estimates are rising with ~3% GDP growth expected in Q4 2024.

As inflation rebounds and the Fed cuts rates, markets are pricing-in a lower probability of a recession.

Are rate hikes coming back?
(@TheKobeissiLetter)



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BREAKING: Prediction market odds of a recession hitting in 2025 have fallen to a new low of 27%.

Since November 1st, odds of a recession beginning in 2025 have HALVED, from 54% to 27%, according to @Kalshi.

Meanwhile, GDP growth estimates are rising with ~3% GDP growth expected in Q4 2024.

As inflation rebounds and the Fed cuts rates, markets are pricing-in a lower probability of a recession.

Are rate hikes coming back?
(@TheKobeissiLetter)

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"There are several million Russians who can lift their head up from propaganda and try to look for other sources, and I'd say that most look for it on Telegram," he said. At this point, however, Durov had already been working on Telegram with his brother, and further planned a mobile-first social network with an explicit focus on anti-censorship. Later in April, he told TechCrunch that he had left Russia and had “no plans to go back,” saying that the nation was currently “incompatible with internet business at the moment.” He added later that he was looking for a country that matched his libertarian ideals to base his next startup. In February 2014, the Ukrainian people ousted pro-Russian president Viktor Yanukovych, prompting Russia to invade and annex the Crimean peninsula. By the start of April, Pavel Durov had given his notice, with TechCrunch saying at the time that the CEO had resisted pressure to suppress pages criticizing the Russian government. The S&P 500 fell 1.3% to 4,204.36, and the Dow Jones Industrial Average was down 0.7% to 32,943.33. The Dow posted a fifth straight weekly loss — its longest losing streak since 2019. The Nasdaq Composite tumbled 2.2% to 12,843.81. Though all three indexes opened in the green, stocks took a turn after a new report showed U.S. consumer sentiment deteriorated more than expected in early March as consumers' inflation expectations soared to the highest since 1981. There was another possible development: Reuters also reported that Ukraine said that Belarus could soon join the invasion of Ukraine. However, the AFP, citing a Pentagon official, said the U.S. hasn’t yet seen evidence that Belarusian troops are in Ukraine.
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