Talk of The Villages Florida - View Single Post - Slowdown or recession?
View Single Post
 
Old 08-19-2019, 12:07 PM
ColdNoMore ColdNoMore is offline
Sage
Join Date: Apr 2016
Location: Between 466 & 466A
Posts: 10,508
Thanks: 82
Thanked 1,505 Times in 677 Posts
Default

Quote:
Originally Posted by Kenswing View Post

Snip...>Could have just as easily said 66 percent of economists not worried about a recession<..Snip
C'mon, you're smart enough to know...it doesn't work that way.

That's analogous to reading where 40% of people have a favorable view of blankety-blank, then making the huge assumption...that 60% have an 'unfavorable' view of blankety-blank.

When in fact, it might simply be that...30% of that assumed 60% are actually "undecided."

Without reading the choices of answers, at best that type of silly interpretation is deceiving, at worst it is....

And actually, there is a higher number (in one survey earlier), that believe...it may happen even sooner.


Recession Fears
Quote:

Approximately one-third of economists predict the U.S. will enter a recession in 2020, according to a survey published Monday.

Thirty-eight percent of economists surveyed by the National Association for Business Economics forecasted the world's largest economy will enter a recession next year, a 4 percentage point decline from a similar survey in February.

Thirty-four percent of economists predicted the next recession will begin in 2021, a 9-point uptick since February.

As for me personally, I have the fervent hope that if things do slow down (and history says it will happen)...it is slow and the least amount of Americans are harmed.

It's also my personal experience, that no sane person 'roots' for an economic downturn/disaster...especially after seeing the havoc & damage of the last one.