America is officially in our longest economic expansion in history, and in 2019, experts began to think they’ve called the top.
“Recession or slowdown?” asked one New York Times column, noting that the economy “seems to be cooling off.” Economics journalist Anthony Rowley told us “The world following a 2019 recession is likely to be more polarised, or even bifurcated, where the US and China, as the two biggest growth poles, seek to write their separate economic narratives.” Vox told us that “everybody’s woried” about a recession again in 2019, but hedged their bets by saying it’s “perhaps” coming.
Admittedly, if we did indeed enter a recession, it would be amusing to watch all the pundits crediting Trump’s superb economy to Barack Obama to suddenly point the finger at Trump. But obviously, that didn’t happen, as the economy showed continued strength closing out the year, with job growth rising faster than expected even at what is now effectively full employment.
And with that, yet another economic record has been set by Trump.