Is the bubble bursting – and does America need to prepare for an economic slowdown?October 9, 20191 min read
With every news story about trade, tariffs, interest rates, global instability and political chaos…comes with it a hint that each incident could take a toll on America’s economy. And it seems that sub-plot may be slowly becoming a self-fulfilling prophecy for the current administration in Washington.
A recent article in Forbes pointed out that most key indicators seem to be pointing down.
- Trump’s monthly job results are decelerating
- Trump’s job growth falling short of Obama’s last six years
- Wage growth is the lowest in a year
- September quarter GDPNow forecast lower than June’s 2.0% result
It seems as if all of these ingredients combined, a slow down and potential recession or worse could be looming.
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Jeff Haymond, Ph.D. is Dean, School of Business Administration and a Professor of Economics at Cedarville and is an expert in finance and trade. Dr. Haymond is available to speak with media regarding this topic – simply click on his icon to arrange an interview.
Jeff Haymond, Ph.D. Dean, School of Business Administration/Associate Professor
Research interests include economics and religion, as well as monetary theory