A recession is coming. Who will take the blame?
Of course, nobody will volunteer to take any portion of the blame.
Yet fingers will most assuredly be pointing.
- Trump will blame the Fed for hiking too fast.
- The Fed will blame Trump for starting a trade war.
Scarcely anyone will blame fractional reserve lending, lack of a gold standard, Congressional stupidity, or central bank cheap money and their bubble blowing tactics.
It is a given that mainstream media will not remotely come close to pointing a finger in the proper direction.
Mike "Mish" Shedlock