Bernanke says 'Wile E. Coyote' economy will have a fallout in 2020

[Yo_Mama_Been_Loggin]

Former Federal Reserve Chairman Ben Bernanke says the U.S. economy could face serious problems in the next two years.

Bernanke said the recent $1.5 trillion tax cut and $300 billion increase in federal spending is making the Federal Reserve’s “job more difficult all around” because it’s happening even amid low unemployment.

“What you are getting is a stimulus at the very wrong moment,” Bernanke said at the American Enterprise Institute on Thursday, according to Bloomberg News. “The economy is already at full employment.”

Bernanke added that the federal government's spending “is going to hit the economy in a big way this year and next year, and then in 2020, Wile E. Coyote is going to go off the cliff."

http://thehill.com/blogs/blog-briefing-room/news/391381-bernanke-says-wile-e-coyote-economy-will-have-a-fallout-in-2020

With all the trade wars bullshit I predict sooner than that.

[Wellstone ruled]

1. My guess is sooner,how about quarter two of next year.

We are at this time,having a 30 billion dollar short fall per month in Tax Revenue short fall. And most states are about to hit the wall with their funding short falls.

[D_Master81]

2. If that happens...

Trump might as well not even run in 2020 if he's still around. The economy is very good and his approval numbers are still in the mid 40's. He'd be in the low to mid 30's real quick if another recession comes around. I'm still shocked that we've gone basically 10 years without a recession.

[ProudMNDemocrat]

3. More like 8 1/2 years actually since the Stimulus took affect.

Remember how the Republicans howled up a storm about that?

Inflation will creep up, if it hasn't already. The Trade war is going to hurt farmers, manufacturers, consumers, etc.