A number of gloomy indicators might be pointing to a downturn in the U.S., but Deutsche Bank has detailed the case for optimism, suggesting looking back at the year 1986 might offer some reasons to be confident.
The German bank states that weak data on corporate profit margins, the Federal Reserve's labor market condition index, lackluster growth in capital expenditure and rising death rates all point to rising risks of a U.S. recession.
The bank has a 30 percent U.S. recession probability over the coming 12 months, but highlights that the economy might not be all that bad.