Friends, we're hearing a lot from the impartial, professional analysts in the mainstream media about the inevitability of a recession...and how said recession will doom President Trump in 2020. Take it all with a boulder-sized grain of salt. Here's an excellent analysis of the likely path the U.S. economy will take in the next two years. A slowdown is possible. A recession is unlikely. Sorry, Dems -- you might actually have to win the election on the merits!
https://www.city-journal.org/recession-talk?fbclid=IwAR0kxmTPIRXNtjL5vnHGiGFdeZlO-otCnavSD3wnf4kV8bBI_u4upddFePs
YOUR 101% WRONG ON THIS ONE, I HAVE BEEN STUDYING THIS FOR MANY YEARS AND SUBSCRIBE TO MANY ECONOMIST AND THEY ALL AGREE WITH THE S IS GETTING READY TO HIT THE FAN AT ITS BEST IT MAY HOLD ON TIL MARCH OR APRIL 2020. WE DO HOWEVER HAVE THE BEST PRESIDENT TO DEAL WITH THE SITUATION MAY GOD BLESS DONALD J TRUMP
ReplyDeleteI personally think, Dr. Waddy, this is man made by the Fed. chairman as Powell and the President do not get along. I also think, the stock market is way over inflated and probably will drop more. Will it hit the fan? At some point it will, will there be a recession? I don't think so. How convenient for this to happen for the 2020 election. NOT that I am a conspiracy theorist, it just seems fishy to me.
ReplyDeleteI am trying to remember the Econ class that is taught by Professor Bloxsom--I am not even going to pretend/fake my way through this topic. Math is not my thing. I'll take this with a grain of salt.
Dr. Waddy: That "anonymous" up there wasn't me. Sometimes it says I am. Well, we all know what former Mayor Rahm said about not wasting a good crisis. After the one he has enabled in anarchic Chicago one wonders.
ReplyDeleteThe Dems are becoming more and more desperate. If the President is reelected it will be the end of the radical dream, which came SO close to realization,at least for now. They'll lose SCOTUS for sure.If they are this crazy now, while they still have some hope, what will they be like then? Seriously! They will probably all move to NY or CA, where their dreams live.
Anonymous, thanks for the contribution! You may well be right -- "economics" is more akin to alchemy than it is to chemistry -- but I stand by my forecast for now. The article I posted above makes a good point: the consensus of economists is for a modest slowdown, yes, but not yet for a recession. Remember, a recession is two consecutive quarters of negative growth. That's a high bar. Like Linda, though, I readily admit that economics isn't my cup of tea.
ReplyDeleteJack, you're certainly right that the stakes in 2020 are, if anything, HIGHER than in 2016. We mustn't be surprised when the media and the Left pull out ALL the stops to defeat Trump, including manufacturing a recession if it's in their power. I'm reminded of 1992, when there was in fact a recession that helped Clinton to defeat Bush, but in truth the recession was over by the time of the election -- the media just wouldn't admit it.
Dr. Waddy: Bush I: a good man, a hero of WWII, but sadly apologetic for his common sense views vs an amoral Clinton and a Marxist Hillary who were hopelessly compromised and that is of course what they proved to be in office.The media did us the consummate dirt they sought to do in '88. But Dukakis was too arrogantly presumptuous for even them to save.The Clintons were far too sly.
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