3 in 4 economists see recession in 2 years

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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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Pessimism about the economy may create a self-fulfilling prophecy. If consumers buy less, businesses invest less and investors continue to sell, economic growth will slow. Politicians and economists should not spread fear about a recession atmeill

It’s really amazing how all this talk of a recession came, from everyone, at exactly the same time. Almost like a talking point. 🤔 No one had a hint before/after everyone else?

Didn’t you hear, Trump doesn’t see a recession. He knows things because he is a successful businessman and is running the country like his business 😉

Donnie to the rescue. If he can’t fix it no one can. Get the stable genius on that. No one knows more about recessions then the big orange ape.

Amazingly timed for after the election, giving Dems another lie to run on, reminiscent of collusion and “manufactured” border crisis. 🙄

The business cycle is not something one can predict, but it is something we have dealt with in the past. -Trump 2020 Make Congress Great Again!

Trump Slump 2020

If T is still in the Oval Office; the economist's prediction will more than likely come true.

Same economists predicted the stock market crash, and looming recession if DonaldTrump was elected in 2016. These Morons.... meet the guy who defied it all

Will it be over before the world ends in 12 years?

Dream on.

Let's see, the left had tried Russian collusion, obstruction, racist, white nationalist, and now they are trying to push this country a recession and hurt America in an effort to prevent Trump being re-elected.

Thanks realDonaldTrump just like everything you touch.... it dies!

AMERICA WAKE up.

Come on.....Cheeto Jesus told us nothing's going to happen....!

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