The upcoming recession

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2. there is no sector that's optimistic about 2020.

every sector is predicting a contraction by 2020, if not by late 2019.

since october, the financial markets have gone from effectively predicting 2-3 fed rate hikes in 2019 (based on continued economic expansion) to predicting 0-2 rate *cuts* in 2019 (based on expectation of very slow expansion or contraction).

it's not clear that there will be anywhere safe to invest. maybe the old "cash is king" maxim will return.


but really, what do you expect when you start with a concentration of wealth worse than during the 1920s and add an incompetent president hell-bent on a jacking up tariffs just like during the great contraction that started in 1929?