“””McBride himself, who called the downturn and the upturn, writes: “Now one of my blogging goals is to see if I can get lucky again and call the next recession correctly.”
So what will cause the next recession? “”””
Maybe we should get out of the current recession before we guess when the next one will be.
Exactly!
The media continues to feed the population that the economy is getting better. Yet in my travels to various areas of the Country, I continue to see no evidence of improvement.
What I see are bogus statistics (such as the unemployment number) touted by the media and repeated by Democrats and "so called" Republicans, attempting to promote a false perception of improvement.
Based upon historic economic principals, there is no way that a government which continues to over spend and raising taxes will lead to an economic upturn. Instead, it will eventually cause a complete collapse of our economic system.