Wall Street's recession myth

Wednesday, November 28, 2018

There's an old saying that Wall Street economists have predicted eight of the last two recessions. The bears in the economics profession keep getting paid a lot of money misreading the nation's economic weather vanes -- whether it was the power and durability of the Reagan expansion in the 1980s, the ferocious bull market of the late 1990s, the after-effects of the 9/11 attacks, or most recently the phenomenal revival of growth in President Donald Trump's first years in office.

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