Thompson asked if we’re headed for a recession. Low expectations shatter. He doesn't doze off.
“There is no reason to believe that we’re headed for a recession. We’re enjoying 22 quarters of successive economic growth…starting with the tax cuts we put into place…low inflation, low unemployment… I see no reason we’re headed for an economic downturn. … but we are spending money we don’t have.”
Why do analysts fear a recession? He trots out the old "not enough has been done to tell the story" of the economy.
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