If There is a Recession Coming, How Can We See it Before it Happens?

by Tony Wyman June will mark the 10th anniversary of the end of the Great Recession, the longest and deepest economic downturn this country had seen since World War II.  Unemployment doubled, housing values dropped 30%, the S&P 500 declined 57% and U.S. households lost $14 trillion of wealth, more than 20%, during the nearly 19-month decline. SInce then, the country has enjoyed one the longest periods of expansion in the nation’s history, thanks to the aggressive and unprecedented responses by fiscal and monetary policy makers in the Bush and…

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Here’s The Problem With Trump’s Trade War: Trade Deficits Aren’t Necessarily Bad

WPA poster titled First Foreign Trade Zone - artist Jack Rivolta. Produced 1937 during New Deal trade initiative.

by Tony Wyman Trade War Between Trump And Credible Economists You could hit an imported Chinese golf ball into a room full of economists and have a pretty good chance of not hitting one who agrees with President Trump‘s trade kerfuffle with China.  Why?  Because, unlike the president, most economists think trade deficits aren’t a bad thing.  In fact, some even think they are good. How can that be?  Doesn’t it make sense that we are losing against China if they are selling us more than we are selling them? …

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