The Next Recession Will Be a Doozie!

We may be in the midst of one of the longest economic expansion cycles on record, but the Great Recession is still at the top of many investors’ minds including Yours Truly’s.

Others opine that if you’re not in a recession you’re headed for one. It’s kind of like predicting that eventually, a person will die. Since no one is immortal and death is a natural part of the life cycle, you can with certainty say a person will die.

The real question is when the next recession will hit. If you’re just projecting gloom and doom and waiting to be proven right then that’s just moronic.

It has dawned on me repeatedly over the past several weeks, as not only the doom and gloom merchants predict another recession in the coming years, but more and more actual educated economists are predicting the same.

Every time I log onto my Yahoo! account, I have at least one dire warning that the next recession will be a doozie. That you and I can be sure of. The last one was a doozie, the one before it was and the one before that one was. I could detail to you what they all were or the underlying reasons for them, but you know about them already and you can search them to your heart’s content.

Furthermore, I would assume that the recession after the next recession will be a doozie as well.

The bursting of the Dutch tulip mania bubble of the 1630s was a doozie, as will be the artificial intelligence/ruined environment crash in thirty or so years.

When the 2008 crash occurred to everyone whose homes and stocks were not really worth what the -debt-fueled market said they were, markets crashed, banks flirted with insolvency, and the economy sank into a deep global recession.

Now, ten years later, it may be starting to happen again. Then again, it might not be!

This time, however, it will not be households using cheap debt to take cash out of…

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