The economic expansion that has been underway in the United States since 2009 is getting old, and soon will die.
At least that’s the conclusion you would reach from various news media prognostications about the economic environment the next president will face.
“The next president will likely face a recession,” said a CNN headline. “Recession May Loom for Next U.S. President No Matter Who That Is,” said a Bloomberg headline in May. New York magazine was at least generous enough to frame the coming recession in the Clinton or Trump administration as an open question.
Read Full Article »