{"id":35997,"date":"2019-03-19T10:07:59","date_gmt":"2019-03-19T17:07:59","guid":{"rendered":"https:\/\/www.politicsplus.org\/blog\/?p=35997"},"modified":"2019-03-19T10:07:59","modified_gmt":"2019-03-19T17:07:59","slug":"republican-reichcession","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2019\/03\/19\/republican-reichcession\/","title":{"rendered":"Republican Reichcession"},"content":{"rendered":"

Did you vote for Trump?  Did you waste your vote on a third party candidate?  Did you stay home?  If you answered ‘yes’, pull down your pants, bend over, grab your ankles and get ready to say BAAAA-A-A-A-A-A-A!  A recession from the bowels of the Republican Reich, a Republican Reichcession, is on the way.  Sadly, the rest of us get it too.  And guess who was right?<\/font><\/p>\n

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\"GOP-Recession\" <\/p>\n

I first suggested the U.S. economy was headed toward a recession more than a year ago<\/a>, and now others are forecasting the same<\/a>. I give a business downturn starting this year a two-thirds probability. <\/p>\n

The recessionary indicators are numerous<\/a>. Tighter monetary policy by the Federal Reserve that the central bank now worries it may have overdone. The near-inversion in the Treasury yield curve. The swoon in stocks at the end of last year. Weaker housing activity. Soft consumer spending. The tiny 20,000 increase in February payrolls, compared to the 223,000 monthly average gain last year. Then there are the effects of the deteriorating European economies<\/a> and decelerating growth in China as well as President Donald Trump\u2019s ongoing trade war with that country…<\/p>\n<\/blockquote>\n

Inserted from <Bloomberg<\/a>><\/font> <\/p>\n

This is who was right<\/a>:<\/font> <\/p>\n