Is A US Recession ‘More Fear Than Fact’?

Is A US Recession ‘More Fear Than Fact’?

Not everyone agrees a US recession is "inevitable," as Bill Dudley put it a few weeks back. Or at least not in the next 12 months. To be sure, a downturn is inevitable at some point. As Jeremy Grantham reminded the world in his latest, "we live on a finite planet," which means generating perpetual compound growth is impossible. Over the longer run, innovation is the only way to forestall collapse. Before I venture too far afield, I'd just note that everything has been faster this cycle. While
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