Excerpt from The Washington Post quoting DataTrek’s Nick Colas:
…. “The phenomenon has accurately predicted each of the nine recessions since 1955. And Trump’s trade turbulence could be contributing to a repeat of it now, says Nicholas Colas, co-founder of DataTrek Research. “The two are related,” he says.“If you have more uncertainty because of trade and tariffs, there’s a greater risk for recession.”
Colas noted the link is direct: Corporate managers deciding on whether to make major investments next year may be compelled to hold off if they believe the trade war could turn uglier. “We’re in the middle of budget season, so this comes at an inopportune time”….
Read the rest of Nick’s comments and full article here on The Washington Post!