According to my colleagues, 44 percent see a recession hitting in 2020, and 32 percent in 2021. That’s two-thirds who think the U.S. will see a recession within the next two years. You can count me among them.
Negative effects will intensify and compound the longer the shutdown continues. If the government were to reopen today, the affect for this quarter would be nearly tripled due to the impact from workers not receiving paychecks.
Dalton — On Dec. 19, I wrote Berkshire Money Management’s “2019 Outlook,” detailing why we are positioned the way we are now for the future. Our outlooks are not intended to be set in stone; they’re living documents. As information changes, we change our minds. In only 12 days, it seems as if it’s already time
Rising home prices and mortgage rates are slowing down homebuyers. And the higher costs of land, labor and materials are making it more difficult for builders to deliver houses at the prices which are most in demand.