The Next Recession: Mark Zandi says corporate debt could cause 'reckoning' in 2020
Chief economist of Moody's Analytics Mark Zandi says the economy is currently in a 'virtuous' cycle, but one that could end in 2020. Why? The fiscal stimulus may run out, the U.S. debt is 'ballooning', and growing corporate debt is becoming problematic. Zandi also says President Trump's trade war with China could contribute to a slowdown if left unresolved.
Sat, Dec 29 20187:59 AM EST