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Economists: Second-longest economic boom in US history ends in 2020 … with a recession.

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NEW YORK – SEPTEMBER 17: Traders work on the floor of the New York Stock Exchange September 17, 2008 in New York City. The Dow Jones Industrial Average closed down 449 points today despite American International Group, Inc. (AIG) $85 billion government ba

60 private-sector economists were recently surveyed by the Wall Street Journal, and their prediction is somewhat dire. 59% of them say the economic expansion that began in 2009 after the Great Recession of 2008 took the wind out of the world’s economic sails will end in 2020. Another 22% pegged the year 2021. What lies beyond that is probably another recession, the depths of which will likely become apparent as things progress — or, rather, regress.

“The current economic expansion is getting long in the tooth by historical standards, and more late-cycle signs are emerging,” said Scott Anderson, chief economist at Bank of the West, who was among those economists predicting a 2020 recession.

https://www.wsj.com/articles/economists-think-the-next-u-s-recession-could-begin-in-2020-1525961127

Source and credit.

62% of the survey respondents indicated an overheating economy tied with the tightening of the Federal Reserve interest rates as reasons things will get worse.

It’s worth noting that these kinds of things are very hard to predict, so a grain of salt is warranted. However, with a total of 81% of economists surveyed by the WSJ predicting that things will hit the fan by 2021, it seems likely that it’s coming.

The current “boom” is second only to the 1990 information technology economic bubble that lasted nearly 10 years and coincided almost exactly with the years Bill Clinton was President.

https://www.wsj.com/articles/economists-think-the-next-u-s-recession-could-begin-in-2020-1525961127Interestingly, the same survey revealed that those same economists do not think the “tax breaks passed by Congress have anything to do with the current economic expansion.

That same expansion has left many people underemployed and earning less than before the Great Recession of 2008, as well as losing health insurance and retirement savings, which could mean when the next bust happens, poor and working-class people will be in much worse shape than ever. And that, coupled with the elimination of some social safety nets across many states in the U. S., means the future might be pretty bleak, indeed.

At least, for those without a pile of money to rely on.

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Feminist Fatherhood

smallstepsgiantstrides.net

THE ONLY FREE PRESS IS THE ONE YOU OWN.

Farheen Dhanjal

Get lost in yourself and you'll find everything.

My Eco Circle

Welcome to my inner circle.

Love Equals Love

Love the Highest Power

Saturnuslog

Rutinlerden ibaret olan hayattaki tek özgürlüğümüz kendi rutinimizi seçme yetimizdir.

Joey Rudder

Writing stories of faith and hope to inspire my fellow underdogs to fight the good fight.

Life Meets Theology

The collision of life and faith by Joel Dorman

Relic

For Record

IGC Publishing

Writing from all regions of space and time

International Energy Exhibition of Greece

5th Cretan Energy Conference

DISCUTINDO CONTEMPORANEIDADES

Escrito por PROF RAFAEL PORCARI, compartilhando sobre futebol, política, administração, educação, comportamento, sociedade, fotografia e religião.

Folha de Macaíba

Um jornal à serviço de Macaíba e da Grande Natal

Papinhas fora de série

para bebês fora de série

Sol Antônia

Em um único espaço, múltiplas palavras...

What Will It Be

Spirit, Sole, Body, Son,Holy,

Μελισσούλες

"Να θυμάστε στη ζωή σας, πως όσες φορές θα αγαπάτε χωρίς να επιδιώκετε να σας αγαπούν,θα μαζεύονται όλοι κοντά σας σαν τις μέλισσες." Άγιος Πορφύριος"

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Nature Has Us In Immutable Checkmate...

ΝΕΑ των ΦΙΛΙΑΤΩΝ

Ιστότοπος για τους Φιλιατες και οχι μονο- με νέα και παλιά, ειδήσεις και σχόλια, λαογραφικά και φωτογραφικά θέματα και την εφημεριδα μας ¨τα ΝΕΑ των Φιλιατών¨ σε ηλεκτρονική μορφή

Cobalus

Official Blog of Cobalus aka Analytis.

Cosmic Christ

Reflections On Christ In a Larger Cosmos (doug@coscmicchrist.net)

The Rector's Corner

Reflections on the Bible, Preaching, and Life in the Church

Significantly Substantial

Who looks outside, dreams; who looks inside, Awakes.

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thevenusone

From The Star Through The Universe Into The World

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all to become like the One who tied my soul to time.

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Las mejores noticias en el ámbito internacional

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¡Unidos por el futuro energético de Puerto Rico!

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Medio de comunicación digital desde El Salvador, para el mundo, buscamos mostrarte la otra cara de la moneda, de lo que otros no se atreven a hablar

CLIP URBANO

Periodismo & Comunicación Institucional

Mauricio Bugarin's Blog

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Blog | Espaço EaD Interidade

Ajudando a tomar a decisão certa na web.

Blog da dolado

Dicas de Empreendedorismo e Mais

educaçãofinanceira.blog

Aprender para empreender

El universo de Ana Galera

BLOG DE VISITAS GUIADAS, VIAJES Y CULTURA

21siglosofia

Realidad y fantasía. Aprender a ver el mundo en los ojos. Un viaje personal que comienza ahora.

JURNAℓ SCOȚIAN

Ioan-Florin Florescu, preot misionar

Suntuncopac

Suntuncopac si sunt aici pentru tine la studioul meu

LungaJakuja.com

LJ Aspire2Inspire

Watching the Wheels

Feminist Fatherhood

smallstepsgiantstrides.net

THE ONLY FREE PRESS IS THE ONE YOU OWN.

Farheen Dhanjal

Get lost in yourself and you'll find everything.

My Eco Circle

Welcome to my inner circle.

Love Equals Love

Love the Highest Power

Saturnuslog

Rutinlerden ibaret olan hayattaki tek özgürlüğümüz kendi rutinimizi seçme yetimizdir.

Joey Rudder

Writing stories of faith and hope to inspire my fellow underdogs to fight the good fight.

Life Meets Theology

The collision of life and faith by Joel Dorman

Relic

For Record

IGC Publishing

Writing from all regions of space and time

International Energy Exhibition of Greece

5th Cretan Energy Conference

DISCUTINDO CONTEMPORANEIDADES

Escrito por PROF RAFAEL PORCARI, compartilhando sobre futebol, política, administração, educação, comportamento, sociedade, fotografia e religião.

Folha de Macaíba

Um jornal à serviço de Macaíba e da Grande Natal

Papinhas fora de série

para bebês fora de série

Sol Antônia

Em um único espaço, múltiplas palavras...

What Will It Be

Spirit, Sole, Body, Son,Holy,

Μελισσούλες

"Να θυμάστε στη ζωή σας, πως όσες φορές θα αγαπάτε χωρίς να επιδιώκετε να σας αγαπούν,θα μαζεύονται όλοι κοντά σας σαν τις μέλισσες." Άγιος Πορφύριος"

Muunyayo

Nature Has Us In Immutable Checkmate...

ΝΕΑ των ΦΙΛΙΑΤΩΝ

Ιστότοπος για τους Φιλιατες και οχι μονο- με νέα και παλιά, ειδήσεις και σχόλια, λαογραφικά και φωτογραφικά θέματα και την εφημεριδα μας ¨τα ΝΕΑ των Φιλιατών¨ σε ηλεκτρονική μορφή

Cobalus

Official Blog of Cobalus aka Analytis.

Cosmic Christ

Reflections On Christ In a Larger Cosmos (doug@coscmicchrist.net)

The Rector's Corner

Reflections on the Bible, Preaching, and Life in the Church

Significantly Substantial

Who looks outside, dreams; who looks inside, Awakes.

Artist by Beauty

ART . LIFE . BEAUTY

thevenusone

From The Star Through The Universe Into The World

C e c e l I a a n n e

all to become like the One who tied my soul to time.

shades of gwei

a sad blog by alex aubrey

Andrea Unsinkable

Life Lived -- Lessons Learned -- Looking Forward

Federico Buyolo

Un lugar para compartir futuro

Unión Mundo

Las mejores noticias en el ámbito internacional

Alianza Energía Renovable Ahora

¡Unidos por el futuro energético de Puerto Rico!

GUANAPRESS

Medio de comunicación digital desde El Salvador, para el mundo, buscamos mostrarte la otra cara de la moneda, de lo que otros no se atreven a hablar

CLIP URBANO

Periodismo & Comunicación Institucional

Mauricio Bugarin's Blog

Mauricio Bugarin's Academic Blog

Blog | Espaço EaD Interidade

Ajudando a tomar a decisão certa na web.

Blog da dolado

Dicas de Empreendedorismo e Mais

educaçãofinanceira.blog

Aprender para empreender

El universo de Ana Galera

BLOG DE VISITAS GUIADAS, VIAJES Y CULTURA

21siglosofia

Realidad y fantasía. Aprender a ver el mundo en los ojos. Un viaje personal que comienza ahora.

JURNAℓ SCOȚIAN

Ioan-Florin Florescu, preot misionar

Suntuncopac

Suntuncopac si sunt aici pentru tine la studioul meu

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