Wall Street Banks warn of coming Recession [View all]

[Johnny2X2X]

https://www.bloomberg.com/amp/news/articles/2017-08-22/wall-street-banks-warn-winter-is-coming-as-business-cycle-peaks

There have been some warning signs for a while now, but this is one of the 1st articles to really back it up this comprehensively. We have a cyclical economy. Obama's approach lead to slow and steady growth vs a boom and bust economy.

Probably not much Trump could have done to avoid it, but he has taken ownership of the tail end of the Obama economy so he'll be responsible for the Recession and how deep and long it is. He has no idea how the economy works for anyone but himself, he will make this worse. There will be calls for a stimulus by the Spring.

For the American worker, holding off the recession for as long as possible is important because wage growth needs to continue as long as it can.