Despite media propaganda, data point to economic growth

Despite media propaganda, data point to economic growth
The city has already erected a memorial to the noble creature. (Image: photo.ua/Shutterstock)

[Ed. – So much for libs keeping their fingers crossed that the economy will tank.]

In response to recent volatility in the stock market, rising prices (and declining yields) for U.S. Treasury bonds, and difficulties in the trade relationship between the United States and China, some pundits and politicians are forecasting a recession in the U.S., timed to coincide with the 2020 presidential election. The increasing volume of these forecasts is driven partly by partisan hopes that an economic slowdown gives Democrats the best opportunity to defeat President Trump next year. But hopes of this kind do not make for sound economic forecasts.

None of the major institutional forecasters is looking ahead to a recession in 2019 or 2020. The Conference Board, while recognizing risks to the economy, is still forecasting real GDP growth of 2.3 percent in 2019 and 2 percent in 2020.

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