Jessica Reif Cohen: A Consumer Recession For Next 18 Months
Last 18 months was a real estate recession. The last six months was cap ex recession. We're now starting a consumer recession that will last at least a year.
General view is that recessions last 11, 12 months, but that's all post-WWII. Go back past that and you'll see they last longer. We think at least 18 months.
However,
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Last 18 months was a real estate recession. The last six months was cap ex recession. We're now starting a consumer recession that will last at least a year.
Do people really believe this stuff? Well, I guess the CNBC patrons do. Those are the fools that listen to them and invest in the market, while the Wall Street privileged in the know short the market and pump it every other day making gazillions.