When the downturn?

The question isn’t whether we’re going to have an economic downturn–it’s “when.”
And predictions are all over the board.
Full employment, low inflation, and continued consumer spending make most of us feel pretty good about the economy.
Yet, economist Raul Elizalde, writing in Forbes magazine last December, predicted a 2019 recession and claimed retail sales, industrial production, and employment don’t indicate the future.
“Forecasters,” he said, “are generally blindsided by recessions, precisely because they tend to be preceded by economic strength.”
In a way, it makes sense.  A slow economy …

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