74% of economists predict the next recession will hit by the end of 2021 — including 38% who see it coming in the 2020 presidential election year, according to a new survey. More in Morning Money:
Session of the United Nations General Assembly will jam some of the world’s most influential leaders into four blocks in Gotham. POLITICO’s man-about-town Ryan Heath will take you inside UNGA—revealing juicy details from the lighter-side of the gathering and insights into the most pressing global issues facing decision-makers today.— Congress is still out. The Federal Deposit Insurance Corp. board will vote Tuesday on finalizing changes to the Volcker rule.
"But investors are also looking beyond these first-order effects as they pick out which stocks look susceptible to the trade war. Those picks now include many companies that have no significant ties to China but are still at risk. That’s why all but 2 percent of the stocks in the S&P 500 fell on Aug. 5, when worries ratcheted higher after China let its currency devalue to its lowest level in a decade.
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