100% Chance of Recession

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://pro.nexo.io/?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_pro_oct22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://www.circle.com/en/usdc/businesses"><em><span style= "font-weight: 400;">Circle</span></em></a> <em><span style= "font-weight: 400;">and</span></em> <a href= "https://ftxusapp.onelink.me/LKX9/breakdown"><em><span style= "font-weight: 400;">FTX US</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p> </p> <p><span style="font-weight: 400;">On today’s episode of “The Breakdown,” NLW looks at the various signals markets are grappling with, including continued hawkish commentary from the Fedeal Reserve, financial modeling that keeps increasing the likelihood of recession in 2023, better-than-expected data in Q3 earnings but painful data coming from the housing market. </span></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://pro.nexo.io/?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_pro_oct22"> <strong><em>Nexo Pro</em></strong></a> <em><span style= "font-weight: 400;">allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on</span></em> <a href= "https://pro.nexo.io/?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_pro_oct22"> <em><span style= "font-weight: 400;">pro.nexo.io</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://www.circle.com/en/usdc/businesses"><strong><em>Circle</em></strong></a><em><span style="font-weight: 400;">, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USD