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The last 2 recessions have skewed the market's expectations, and a coming downturn may not be as mild as some expect

4 days ago   |   By Business Insider

Traders work on the floor of the New York Stock Exchange in New York on November 25, 2008. REUTERS/Lucas Jackson
Bank of America , Goldman Sachs , Morgan Stanley , and other banks have predicted a recession on the horizon.
But it's too early to tell how severe it will be and predictions are likely skewed by the last two recessions.
Economists told Insider they didn't think a recession would be as severe as 2008 or 2020, but it might not be mild either.
It's been a chaotic year for markets as investors scramble to position for a recession that many top banks say is all but certain. Bank of...
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