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Financial analysts see increased risk of a recession happening in 2019.
https://www.axios.com/recession-probability-2019-increased-sp-global-7ea3186f-3a4a-4525-9fdc-d088357b6a93.htmlEconomists at ratings agency S&P Global raised the probability of a U.S. recession in 2019 to 20–25% on Wednesday, in large part because of the flattening U.S. Treasury yield curve.
Flashback: Its previous assessment was 15–20%, 3 months ago.
"Although economic indicators continue to point to a sustained economic expansion, heightened investor concerns over global economic developments led to market volatility and disruptions late last year, leaving a mixed picture for the second oldest expansion in U.S. history."
— Beth Ann Bovino, U.S. chief economist at S&P Global
Flashback: Its previous assessment was 15–20%, 3 months ago.
"Although economic indicators continue to point to a sustained economic expansion, heightened investor concerns over global economic developments led to market volatility and disruptions late last year, leaving a mixed picture for the second oldest expansion in U.S. history."
— Beth Ann Bovino, U.S. chief economist at S&P Global
About one year ago I saw two separate interviews with two separate financial analysts.
One was hard-left, one was ultra-capitalist. Nothing in common whatsoever.
Both predicted a recession between 2020 and 2024.
Both said that the recession will be Trump's fault.
2 replies
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= new reply since forum marked as read
The financial talking heads are a special kind of dumb. When financial collapse swirls all around them, they smile and tell us the market is going "up, up, up!"
I remember 2008 and Kudlow insisting that nothing was wrong, there was nothing to see.
Imbeciles.
