- Feb 22, 2017
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The Last Refuge
Forced by Reality – The Washington Post Cancels the Recession…
Excerpt:
In July and August the U.S. was heading into a recession according to the media. The Washington Post was at the forefront of the recession narrative with multiple articles predicting certain doom for the U.S. economy…. except there was a problem. All of the economic data would not support their predictions. Things only got better.
The media gnashed their horrible teeth and stomped their horrible feet; alas Main Street continued to get stronger; wages higher, unemployment lower, and more middle-class Americans gaining strength and financial footing. The media shouted at trees hoping and praying their predictions would soon evidence and the economy would throw itself into reverse. Foiled again, it just never happened. Democrats have permanent frowns.
Today the Washington Post admits defeat, informs their audience that cheering for economic collapse is futile, and states, reluctantly, the U.S. is unlikely to enter a recession:
LINK
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No recession during the Trump era.
IF Trump gets another 4 years there will be a recession during the Trump era. The only question is how deep.
It will happen regardless if trump wins or not.
Very true. And it is going to be a painful one. Interest rates have very little room down and we are already running trillion dollar deficits. The last recession tripled the deficit in a year...so we are looking at adding 3 to 4 trillion to the debt in a single year.