The 100 Year Parallel continues. We will have a recession.
And for the same reasons. In 1919-1920 we had a deep but relatively short 18 month recession because the government (President a Democrat) financially shot itself in the foot, causing the recession.
Today we predict a recession for the very same reasons: the government will cause it. Things will also get better economically for most people in society after the recession. This includes a wage increase for more Americans, just like wages increased in the 1920s.
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