FYI: A recession is coming.
But despite this week’s warning signs, we have little idea when. It could be imminent, or the economy could chug along until the heat death of the universe or, as we might call it, the Greatest Depression.
How bad will the next recession be? Prognostications vary, and we don’t have great data on future events. But we’ve got plenty on what happened in the past, and we can look there for clues.
About 40 million U.S. adults haven’t seen a single recession during their working lives. Almost as many, including most millennials, have seen only one since they turned 18. That recession, the devastating Great Recession from December 2007 to June 2009, was (hopefully) not representative.
Regards,
Ted
https://www.washingtonpost.com/us-policy/2019/08/16/recession-is-coming-how-bad-will-it-be/
