Our predictions stop at 01/01/2020 but our questions continue.
There was a recession from 1920 through 1921. It lasted 18 months from peak (before business contracted) to trough (when business started expanding again.)
That is tied with the great recession of 2007-2010 for the longest recession, second only to the Great Depression of the 1930s.
The cause in 1920 was the federal government cutting government spending, and the Federal Reserve doing nothing.
Last week Congress passed a bill that will result in cutting government spending. And in the United Kingdom, wages are now predicted to decline or remain stable until 2022 as a result of Brexit.
So we have reason for guessing.
Gen Y pub crawl at the LERN annual conference in Portland. Yeah Gen Y, it's your world now.
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