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News of Otsego County

recession

Some Indicators Suggest Recession Not Looming

COLUMN

Some Indicators Suggest

Recession Not Looming

By TOM MORGAN • Special to www.AllOTSEGO.com

Are we staring at a recession?

You have surely seen or heard reports, opinion and speculation to that effect. Gloom has been a mini-rage lately.

A few questions are in order. Are economists able to accurately predict recessions? No. If their accuracy percentages were batting averages you would bench them.

Why is the subject of recessions in the air so much lately? The Left salivates at the hint of a recession. Because a recession would inspire voters to kick Trump from office. Thus, critics fill our air waves and opinion columns with gloom and doom.

Entertainer Bill Maher openly dreams of one. NY Times columnist Paul Krugman reckons “Trump Boom to Trump Gloom.” He is anxious to scuttle praise for Trump’s economy. Because he predicted horrible endless worldwide calamity right after Trump’s election. Good economic news embarrasses him.

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