Recession may loom for next president, no matter who it is

[ms_geekette]

Talk about a poisoned chalice. No matter who is elected to the White House in November, the next president will probably face a recession.

The 83-month-old expansion is already the fourth-longest in more than 150 years and starting to show some signs of aging as corporate profits peak and wage pressures build. It also remains vulnerable to a shock

Comments

[ms_geekette]

Hopefully with households being in better shape and the "killers" (interest rates, oil & housing prices) being somewhat stable, it will be a milder recession whenever it comes.

[ms_geekette]

I'm just going from the article, which stated that the recession that Bush dealt with was milder than Obama's.

I know people can't/won't save, but it's recced that you try to save at least 6mos. worth of operating expenses. I know I need to start consciously separating out some money for an official emergency fund. I've used credit to get myself through lean times and I'm still paying it off. I don't rec using credit like that if you can avoid it...it's not a good thing, especially in the long run.

[ioplokon]

j/w whether stabilized housing prices would make less of a difference since more people are renting? like, are rents linked to housing prices or do they fluctuate separately? I guess good news is that there're min. wage increases in the works.

Actually, on that note, anyone know some good places to look for an introduction to economic policy? As in, like how it works in the actual world? My econ class in HS was basically just a class about interpreting and memorizing graphs...