The U.S. Is Heading for a Downturn, and Likely Worst Yet

A recession is coming — not the manicured kind economists dress up in euphemism, but a real one, the kind that redefines the word retroactively. Niall Ferguson has been mapping the terrain: geopolitical shocks, energy disruption, inflation that won’t be reasoned with. History, he notes, does not reward economies caught in that particular combination. It never has. Read Full Article »