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October 11, 2018 | A Recession is Coming. Who Will Take the Blame?

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
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

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October 11th, 2018

Posted In: Mish Talk

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