Via BigThink – a newsletter I like and subscribe


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

Article Image
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.

Men's Health Issues

Free PLR Articles

Sobre Libros

El sitio para debatir literatura

Viernes Magazine

El sitio que comparte información de Estilo de Vida, Food & Vino, Travel, Tech, Cine, Música, Libros, Autos y más.

xenomind3

Los Defensores de Epsylon

Espada y Pluma

Análisis, opinión y divulgación sobre cultura. Todos nuestros textos nacen de la inquietud.

wholistic wellness space

no mumbo jumbo... three simple steps...

tarunsays

keep walking with your dream.

Here Thoughts Get Shaped

Writing is one way conversation.. lots of things when We don’t know where to speak.. This is platform where words get their readers , thoughts get their listeners. It’s about all the emotions and topics We talk about

RITAM DIGITAL

सोच आपकी दहलीज़ पर

daalaan

a blog

Ishhoo

Hindi Kahaniya | Bedtime Stories | Hasya Lekh

Breaking the Silence

Opening a Discussion on Mental Illness

A Lousy Day For Your Ego Is A Glorious Day For Your Soul

Personality begins where comparison ceases to function.

Evan Bernache

EB Coaching International

TLOBEKAH

Rebekah B - The Life of Bekah

Tan Listwa

Chercher, découvrir, transmettre /Search, discover, share

EKILA DAYDREAMS

Read the world. Watch the world. Write the world.

L'Encre de Jupiter

Blog littéraire

Libres jugements

De tout ... un peu.

Pinball Wizard

Due parole a proposito di musica, libri, film e...

But Is It Any Good?

One man's quest for the perfect music library, one review at a time

Le Vélin et la Plume

Comment voyager à travers les livres

GREENTERVENTION

Agir sans attendre

-alexinwonderland-

Life | Books | Movies

LAH'S DIGITAL WORLD

best mobile app tips, solutions, updates, latest features, mobile app how-tos, all with LAH'S DIGITAL WORLD

VIHAAN

BEGINNING OF THE NEW ERA

Joseph D. Newcomer

The Official Site of Author, Joseph D. Newcomer

Swimming the Depths

We Are All Called to Lives of Holiness

COREY KOPE

Confessions of a pastor's kid

Aamna's Bookshelf

Journey Through Pages Of A Book

Soni's thoughts

No Fear, Express dear

Rhapsody Bohème

A warriors journey

literally stories

Short story fiction from around the world

Songs and Articles

Silverarcher

Albigensia Press

The Author Home of Marcus Johnston

Baguma Vs the wild thoughts

Just when you think you’ve seen it all...

praythroughhistory

Heal the past. Free the present. Bless the future.

BK French

French people, places and food in Brooklyn

Author Denise Dodge

Newbie Metaphysical Fiction Writer

Rebecca4SelfHelp

Everyday Self Help & Self Care Tips and Tricks to Guide US Back To Optimal Health and Happiness.

Enogastronomista

Food & Wine

carly books

I read lots of books, from mythology retellings to literary fiction and I love to reread books from childhood, this is a place to voice my thoughts for fun. I also like to ramble about things such as art or nature every now and again.

Men's Health Issues

Free PLR Articles

Sobre Libros

El sitio para debatir literatura

Viernes Magazine

El sitio que comparte información de Estilo de Vida, Food & Vino, Travel, Tech, Cine, Música, Libros, Autos y más.

xenomind3

Los Defensores de Epsylon

Espada y Pluma

Análisis, opinión y divulgación sobre cultura. Todos nuestros textos nacen de la inquietud.

wholistic wellness space

no mumbo jumbo... three simple steps...

tarunsays

keep walking with your dream.

Here Thoughts Get Shaped

Writing is one way conversation.. lots of things when We don’t know where to speak.. This is platform where words get their readers , thoughts get their listeners. It’s about all the emotions and topics We talk about

RITAM DIGITAL

सोच आपकी दहलीज़ पर

daalaan

a blog

Ishhoo

Hindi Kahaniya | Bedtime Stories | Hasya Lekh

Breaking the Silence

Opening a Discussion on Mental Illness

A Lousy Day For Your Ego Is A Glorious Day For Your Soul

Personality begins where comparison ceases to function.

Evan Bernache

EB Coaching International

TLOBEKAH

Rebekah B - The Life of Bekah

Tan Listwa

Chercher, découvrir, transmettre /Search, discover, share

EKILA DAYDREAMS

Read the world. Watch the world. Write the world.

L'Encre de Jupiter

Blog littéraire

Libres jugements

De tout ... un peu.

Pinball Wizard

Due parole a proposito di musica, libri, film e...

But Is It Any Good?

One man's quest for the perfect music library, one review at a time

Le Vélin et la Plume

Comment voyager à travers les livres

GREENTERVENTION

Agir sans attendre

-alexinwonderland-

Life | Books | Movies

LAH'S DIGITAL WORLD

best mobile app tips, solutions, updates, latest features, mobile app how-tos, all with LAH'S DIGITAL WORLD

VIHAAN

BEGINNING OF THE NEW ERA

Joseph D. Newcomer

The Official Site of Author, Joseph D. Newcomer

Swimming the Depths

We Are All Called to Lives of Holiness

COREY KOPE

Confessions of a pastor's kid

Aamna's Bookshelf

Journey Through Pages Of A Book

Soni's thoughts

No Fear, Express dear

Rhapsody Bohème

A warriors journey

literally stories

Short story fiction from around the world

Songs and Articles

Silverarcher

Albigensia Press

The Author Home of Marcus Johnston

Baguma Vs the wild thoughts

Just when you think you’ve seen it all...

praythroughhistory

Heal the past. Free the present. Bless the future.

BK French

French people, places and food in Brooklyn

Author Denise Dodge

Newbie Metaphysical Fiction Writer

Rebecca4SelfHelp

Everyday Self Help & Self Care Tips and Tricks to Guide US Back To Optimal Health and Happiness.

Enogastronomista

Food & Wine

carly books

I read lots of books, from mythology retellings to literary fiction and I love to reread books from childhood, this is a place to voice my thoughts for fun. I also like to ramble about things such as art or nature every now and again.

%d bloggers like this: