A recession is coming. Who will take the blame?

All booms end in recession. So who will accept the blame for the next one?

Of course, nobody will volunteer to take any portion of the blame.

Yet fingers will most assuredly be pointing.

  • Trump will blame the Fed for hiking too fast.
  • The Fed will blame Trump for starting a trade war.

Scarcely anyone will blame fractional reserve lending, lack of a gold standard, Congressional stupidity, or central bank cheap money and their bubble blowing tactics.

It is a given that mainstream media will not remotely come close to pointing a finger in the proper direction.

Mike "Mish" Shedlock

Comments (24)
No. 1-18
Ted R
Ted R

Well put Mish.

shamrock
shamrock

So who was to blame for the recessions that occurred before all those things?

rob_abides
rob_abides

Should be the guy who's been taking credit for it (ahem, Trump), lol.

Carlos_
Carlos_

Trump will blame anyone just anyone. It doesn't matter who. As far as I can tell Trump has never blame himself for anything - ever. How that wasn't a red flag for Trump supporters is beyond me. the buck stops here. Here been anywhere but Trump

Aaaal
Aaaal

Since Trumpty loves to boast, he can claim that he has the biggest crashes!