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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Economic news – good or bad?

Sure, it’s the season to be jolly and extend good will toward all, but the recent economic news isn’t making it easy.

Nearly full employment put grins on many faces last month and gave the President positive poll ratings on economic management. Now pundits explain that the federal deficit is soaring up to recession levels–$779 billion–and low unemployment means new jobs won’t be bringing it down much in the future.

Senate majority leader Mitch McConnell says we have no choice but to cut Social …

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