Many economists and financial analysts insist that a recession is unlikely in the next twelve to eighteen months. They cite data that indicates that the consumers are healthy. The economic data shows that American consumers all have jobs, they are working in record numbers and their wages are growing. And, they’re spending.
Additionally, consumers are tuning out the financial entertainment media unending talk about recession, tariff tensions and inverted yield curve. Since, one of the biggest risk to the economy is the possibility that Americans become overly concern about their financial well-being and self talk the economy into a recession.
Furthermore, history reveals that an inverted yield curve has preceded every recession; it, however, has not predicted every recession.