Quote:
Originally Posted by elysiantraveller
Citing trade and fiscal irresponsibility most economists are forecasting a recession within the next 2 years.
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Economists are notorious for missing the mark, mainly because the markets generally react in the opposite direction to statements and thus often delay or deny a prediction. Remember "irrational exuberance"? Problems occur when too many are running in one direction when there is no longer a reason to do so. It is an imbalance or imbalances within the economy that causes many of the ills we associate with a recession. At this point, our economy is more likely to overheat with inflation than it is to fall into recession.