Steve Keen: Recession in 2020
Here is a great piece from Bloomberg where Steve Keen talks about a very likely recession by 2020 and the factors leading to a recession: income inequality.
Steve Keen is a very eloquent economist with a number of prominent publications on financial crisis and debt deflation. So you might want to have a look at what he told Bloomberg.
So many people expect a recession by 2020 its likely will not come.
True, you hear a lot about an impending recession from different analysts. But the question is if the majority of the market really expects a recession. I wonder if an average guy holding a few stocks listens to those analysts. If not, then the fact that so many analysis already expect a recession doesn't reduce its likelihood.
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