Wednesday, May 13, 2015

HSBC Chief Economist warns about the next recession.

via Business Insider.
HSBC chief economist Stephen King is already thinking about the next recession.
In a note to clients Wednesday, he warns: "The world economy is like an ocean liner without lifeboats. If another recession hits, it could be a truly titanic struggle for policymakers."
Read it here. 

Sidenote:  Before all the "normalcy" mafia members attack I would like to point out two things.  First (if you read the article), King's examples of what could lead to the next recession deal with issues we're facing TODAY, not 10 years from now when we should be expected to have made a full recovery.  Next, I'm just the messenger.  Use this information as you will.

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