House Vote Fuels a Perfect Storm for a New Recession
There are three reasons why a perfect storm for a new recession is developing rapidly. Number one, the economic recovery is losing steam and the economy is meandering forward rather than growing energetically. Number two, the law of averages regarding the typical time that an economic recovery lasts is almost at our doorstep. Number three, the US House of Representatives decided once again that it’s time to play political football with the financial health and stability of the economy.
Any one of these factors alone might be enough to tip the economy over the edge, but the three together is the perfect storm for a new recession.
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Topics: Business, Policy & Economy,