The Recession Questions: Yes, No, When and How Bad?

One of the advantages of being back in the office, when I am actually in the office, is I get to hear a variety of opinions.  These opinions are sharply divided today on the issue of a U.S. recession.  One camp feels that recession is inevitable.  Another sees a path to a “soft-landing”.  Of course, this argument really refers to a recession starting in the next quarter or two.  Sooner or later, a recession will occur. However, that brings up other questions, namely, when will a recession start, how deep will it be and how long will it last?