@Khenpal1 and many economists say that a recession is absolutely avoidable. It will depend on the expert analysis and consensus of those qualified to judge. There will also depend on the decisions we all make at every level.
@Graylight A lot of US companies invested in China and emerging economies in Asia and their economies are for slow down. It means money loss . Asia will be forced to sell out their US value papers if they have to survive. China is going for 10 year period with limited or no grow at all. Its something which will be visible in 2-3 years time as most data out of China are cooked. Also interest rates are Globally up , slowing any new investments. A lot of projects are postponed due to uncertainty of total costs .
@RocktheHouse Lines don't mean anything. It's the interpretation and analysis of them against known patterns and templates that communicate their meaning.
But if you saw it on the interwebz, then it's gotta be true.