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MARCH 2019 MONEY.COM (^17)
Recession 2O2O?
These Experts
Say It’s Possible
After a decade of steady growth, the economy
is starting to show signs of instability.
BY SERGEI KLEBNIKOV
IT’S BEEN A DECADE since the U.S.
was in a recession. And in many
ways, the economy appears to be in top
shape. Unemployment remains near
record lows. Home prices and real
wages are both rising, while inflation
remains under control.
But as anyone who paid attention to
business headlines in the final months
of 2018 surely knows, the stock market
still found plenty to worry about.
The Dow, which reached a record
high as recently as Oct. 3, had one of its
worst stretches in recent memory,
tumbling more than 13% over the next
12 weeks to finish 2018 below where it
Ray Dalio, Richard Turnill,
Nouriel Roubini, and Ben Bernanke
(from left) are among those worried.
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PHOTO ILLUSTRATIONBY SARINA FINKELSTEIN