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As a student of us economic history, I refer people to 1996 Wall Street journal headlines, which all year long predicted a recession which never came. Similar predictions were made when the federal reserve started hiking rates in this most recent tightening cycle. Instead, unemployment stayed below 4% thus far and the stock market hit new highs. This was an interesting market question, but an easy one to bet in because the May 31 close date was so immediate. There will be a crash and there will be a recession…sometime in the future, yes, but there will with near certainty be no evidence of it over the next two weeks.
@StevenVaughan you will want to make your question more specific. This market closes in a week - are you asking whether a recession or market crash will occur in the next week?
If not, you may wish to specify a deadline and extend the market close date until the deadline.
Also, you should specify what you mean by a recession or market crash - under what conditions would you resolve this market YES or NO? Which market (e.g market index) would need to "crash", and by how much? Which country would need to go into recession? According to which definition?
As it stands, users will have a hard time trading on this market because it is not clear what it is about, but you can improve this by providing some resolution criteria.
@chrisjbillington ..not enough for a good market, we need clear resolution criteria as you went to great lengths to explain