Just after the first Fed meeting back in January, Financial Times Magazine surveyed 51 economists about the likelihood of another recession. According to them, there’s a 15% chance of the next recession hitting within two years and a 20% chance of the next recession hitting within 12 months.
But these “predictions” aren’t new. And they’re not because of the election, either.
Even in March, Bloomberg interviewed Jim Rogers, George Soros’ former business partner. Rogers also called for a recession to hit within the next year – which only gives us until March 2017. Now one of the many reasons behind his “forecast” is that the U.S. sees a recession every four to seven years – and it’s been nearly a decade since the last one.
The thing is… predictions such as these happen like (broken) clockwork, every single year.
But this time, they may have actually nailed it.
And this is the shocking reason why… Continue reading…