Many times in the last few weeks I’ve been asked what the economists are saying about the next recession. Not an expert myself, I read a lot of experts and pundits who sort through data and trends in an effort to forecast the economy. I thought I would share some of my sources in case you were up for a little light reading.
I usually start with the Beaulieu brothers who have spoken for years to Vistage groups all over the US. You can read their blogs at http://itreconomics.com. I’ve linked to my favorite recent blog: The Economy and the Midterms. Do you love graphs and tables as much as I do? Look at their table comparing the state of the economy versus the midterm elections. Wait ’til you see the correlation.
Then I read whatever Brian Wesbury is saying. He calls himself the Antidote to Conventional Wisdom. Bullish on the economy, and a raving fan of the tax cuts, he is always fun to learn from even if you don’t agree with his politics.
Lastly, I check out the Vistage Research Center. Even non-Vistage members can read the results of Vistage surveys of its Members.
One thing they all agree on is several rate hikes in the next 18 months. I suggest you think long and hard about how much capital you will need and plan accordingly right now. Your bank would be happy to help you with that.
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