Recession of 2020? It’s actually a Great Depression

[Serious]

Recession is on the way


We bout to see some real trickle down economics.

 

[FAH1223]

Jim Rickards is always a bear and conspiracy theorist.

Business credit cycle is overdue to end.

I been wondering where he’s been

 

[Wargames]

Unlike the 2007 recession where there was a fundamental flaw in the housing system which exposed the broader economy to a lot of bad housing debt, we don't know (at least for now) if this is the same case. The hysteria of a coming recession might lead us into one as people start selling.

A recession is coming, no doubt, that's part of economics cycles, but as of yet, there hasn't been a single canary in the coal mine as an indicator of what will go bust.

Personally, I think corporate debt might be the "one" for this recession. Student loans will probably be the following one.

Just my personal take though.

a lot of small businesses might die too is this quarantine goes until around June as the experts think it will.