https://retirementplanningscottsdale.com/2018/08/04/anil-vazirani-tells-of-authors-forecast-of-a-recession-coming/ Anil Vazirani tells of authors forecast that a recession is coming within 2 years
Per Jane Wollman Rusoff in ThinkAdvisor on Aug 2, 2018: Every day brings new spotlight-grabbing headlines about the clashes, bashes and triumphs of President Donald Trump. On the bright side, America’s gross domestic product grew at a robust 4.1% rate in the second quarter. But all the hubbub — good and bad — distracts from a dangerous complacency that’s gripping the country distinguished by the failure to look for serious risks that could be hidden away in the global financial system.
What’s needed is vigilance and a rigorous effort to watch for such risks, Adam Tooze, economic historian and Columbia University history professor, states in an article with ThinkAdvisor. Tooze forecasts the U.S. recovery’s inevitable end in 18 months to two years, at which time an economic recession will take hold. Big banks, the mortgage space, emerging markets, the yield curve inversion and more should be monitored closely, stresses Tooze.
What does this forecast mean to investors?
The question is: How long will the run-up continue? And can you afford to sit on the sidelines while the markets are still heading upwards? But at some point, that’s going to turn, and the turn might be quite nasty.
RETIRE AND STAY RETIRED, SAFE, SMART, AND SECURE!
Read more: https://www.thinkadvisor.com/2018/08/02/recession-is-coming-in-2-years-or-less-adam-tooze/