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
No. 1-19
Jamesross
Jamesross

The voters will blame Trump.

KidHorn
KidHorn

The democrats will blame the republicans and vice versa. Same as with everything else. If the dems take control of the house, as expected, the government will be in paralysis in 2019/2020, so nothing will be done to try to fix it.

Carl_R
Carl_R

One thing we know for sure is that recessions and depressions existed for as long as there has been an economy, and even are described in the old testament, so they have existed for at least 3000 years. It certainly is true that these days they are less common and less severe than they used to be, so it's kind of hard to blame modern things for making them worse.

Realist
Realist

“A recession is coming”. Of course it is. But when? You have been saying that for years. Eventually you will be correct. But when? I don’t personally expect a recession any time soon, although with all the stupid things Trump keeps doing, I guess it could begin in 2019. But I don’t expect it.

killben
killben

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

What blame? Here is another opportunity to open the money spigot and save the world and then strut about it. Who will be the three musketeers this time around? The scoundrels.

Stories