1. Nobel-winning economist Krugman warns that a U.S. recession looms in 2019

    Nobel-winning economist Krugman warns that a U.S. recession looms in 2019

    Nobel laureate Paul Krugman says he sees a good chance of a recession hitting the U.S. within a year.

    Speaking at a government summit in Dubai, the economist and highly read New York Times columnist said the likelihood of an economic slowdown hitting the U.S. was high due to sluggish growth already buffeting China and Europe. According to a CNBC, Krugman said that “there was a good chance that the U.S. will have a recession late this year” or by 2020.

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  2. Quotes

    1. The euro area is clearly experiencing a slowdown pretty close to recessionary levels already and has no recourse. Draghi can't cut rates because they're negative already ...so I think Europe is a danger spot that is potentially as big as China.
    2. By the way, my track record for this is bad — as is everybody's. No one is good at calling these turning points.
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