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KKR Sees A 100% Probability Of Recession In 24 Months

When predicting the future, there are two types on Wall Street: the majority, who see nothing but blue skies, like Bank of America which forecasts no recession  until 2027 (when the S&P will supposedly be 3,500) resulting in the longest economic expansion in history, and a minority who admit they have no idea what will happen. And then there is KKR, which not only breaks the cardinal rule of established financial institutions and reveals a bearish forecast in its 2018 outlook, but - in breaking the second rule - it also puts a timeframe on it.
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