Profile image
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

The Chances Of A Recession In The Next Two Years Are “Extremely High”

% of readers think this story is Fact. Add your two cents.

Chief investment officer Jeffrey Gundlach of DoubleLine Capital sees the chances of a recession within the next two years as “extremely high,” he said on an asset-allocation webcast on Tuesday.  Gundlach says there are obvious weaknesses beginning to become visible in the United States economy.

Gundlach says what other economic analysists have also said: there is going to be a recession, but we should all have sufficient time to prepare for it.  We should all be getting better at seeing the writing on the wall at this point.  Gundlach claims there’s only about a 30% chance of a recession in the next 6 months, however, the likelihood of a recession in the next 12 months (one year) jumps to 50%. But the probability of a recession in the next two years is “extremely high.”

This is good news and bad news.  It’s good for those who want to take initiative and prepare for the eventual economic meltdown, but a recession is obviously some pretty bad news too.  But we’ve said this before: you have time to prepare, and finances are often the hardest thing to get in line for some Americans, and it takes longer.

According to a report by Seeking Alpha, Gundlach also sees about 70% chance of a Fed rate cut over the next 12 months. Furthermore, he sees the bond market “extremely exposed” to a decline in the U.S. dollar, because some foreign investors have been buying Treasuries without currency hedges.

The economy has not been growing on its own, rather, it has expanded largely because of a debt scheme as the U.S. increases spending and fuels deficits beyond expansion in output. This debt scheme will have a disastrous effect in the near future, however, as this spending will eventually fling the U.S. economy into a “death spiral.”

The best way to prepare for a recession is by getting your own personal finances in shape. A book that’s been a great resource for anyone regardless of their income is Dave Ramsey’s Total Money Makeover. Other resources available could help too, but Ramsey’s plan will work for almost everyone, is the most universal and easy to follow.

This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.



Source: https://www.shtfplan.com/headline-news/the-chances-of-a-recession-in-the-next-two-years-are-extremely-high_05152019
Support BeforeitsNews by trying our natural health products! Join our affiliate program

APeX - Far superior to colloidal silver in destroying viruses, bacteria and other pathogens.
Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.
Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!  See Testimonials
MitoCopper - First bioavailable copper destroys pathogens and gives you more energy.
Prodovite - The Secret To Healing is in the Blood! Complete absorption in 5 minutes.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.