The Soothsayers are Nearing a Fever Pitch

It seemed as though we got a rash of recession news yesterday. I'd previously hypothesized on similarities to the late '80s recession and, logically, rationally, fell short of any predictions as its not my place. Frankly, I don't care if we go into a recession or not, I just need to know the odds. You certainly can't fault the Soothsayers for their predictions afterall it's their job but you gotta' love the talk show-esque campaigning soon to come so to prove their theories prescient and ahead of the curve.
Goldman likes their chances at predicting a recession and they put a flag in the ground in November. They should have kept Abby quiet in December.

Mother Merrill is calling their shot.

Even Pat Robertson is throwing his hat into the ring.

CNNMoney is reporting on the Soothsayers and the Government is coming to the rescue.

The most recent Payroll numbers we'd gotten a week ago:

The Dept. of Labor said December nonfarm payrolls grew by 18K, down from the previous reading of 115K.
and Briefing.com's comment at the time:
"Briefing.com believes the market is overreacting, considering hourly earnings rose 0.4% and total spending power won't subside unless payrolls drop 150,000 to 200,000 per month, as is typical after a recession starts."

The report that got the Soothsayers revved up suggests the highest unemployment since Hurricane Katrina. Speaking of Katrina, the scourge of the earth have resurfaced. A Quadrillion dollars sounds like a lot of money.