Recession

recessionSerious recessions may not be inevitable, more likely they have an avoidable cause. The housing crisis, the dot com bubble, and the current trade war are examples.

Annie Lowrey, in an informative article in The Atlantic, writes:

The Next Recession Will Destroy Millennials

Lowrey notes that millennials’ fininacial stress hurts the economy and thus affects all. I am reminded that poverty among seniors would similarly depress the economy; cuts to Social Security and Medicare would exacerbate this.

https://www.theatlantic.com/ideas/archive/2019/08/millennials-are-screwed-recession/596728/

https://www.bloomberg.com/opinion/articles/2019-08-26/trump-sell-china-order-to-u-s-firms-means-trade-war-recession

 

About whungerford

* Contributor at NewNY23rd.com where we discuss the politics, economics, and events of the New New York 23rd Congressional District (Allegany, Cattaraugus, Chautauqua, Chemung, (Eastern) Ontario, Schuyler, Seneca, Steuben,Tioga, Tompkins, and Yates Counties) Please visit and comment on whatever strikes your fancy.
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