The U.S. Isn't Prepared for the Next Recession

Maybe it will start with a failed initial public offering, followed by the revelation of widespread fraud in Silicon Valley. Perhaps energy prices will spike, sapping the finances of anyone who drives a car to work. Maybe a foreign crisis will cause a credit crunch, or President Trump will spark a global trade war. A recession might seem like a distant concern, with the latest data showing that the current, extraordinarily long expansion just keeps humming along. But one will hit eventually, for some reason or another-that's how economies work. And when it does, the country won't be ready.......(read more)

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