distinctly gloomy view of the economy that counters mainstream economic forecasts.
I remember what alot of mainstream economists were saying in late 2007 early 2008
We may not be heading for a recession in the short term(or maybe so), but we are definitely in a period of below average growth.
What will the next recession look like after a period of sluggish growth since the last one ended
We are now in year eight of this “recovery”.
A lot of countries are already into negative interest rates. In the next recession the US likely will be as well.
Maybe Trump intends to use negative rates to pay off the national debt - the more you borrow, the more you save !
We have had below 2% growth for seven years and the last quarter of 2015 registered .7% basically Zero growth. That is with interest rates at unprecedented low levels for close on a decade. We are already bracing for ‘Recovery Summer VI’ a sequel that is almost certainly as unremarkable as the previous iterations.
There is no recovery, we are in a sustained depression marked by fits and starts and massive government tinkering.