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Katherine Ross: You said that we might see a recession by October 2020 when I talked to you earlier this week. Still standing?

Kenny Polcari: No, so what I said was the inverted yield curve suggests 15 or 18 months out, which would take us to October of 2020. I'm not necessarily so sure that's when it's going to be, but I am sure is it coming? Of course it's coming. It's called the business cycle. It'll happen whether it happens next month, next year, two years from now, it's coming and people should be aware of that, but the excitement and all that chatter about the yield curve, which inverted for all of five minutes, created that conversation about, oh my God, the recession's here, knock on the door. It's not happening. Right? It's not happening. It's not happening today is are going to happen. Sure, at some point. But remember, investing is dynamic, not static, so it's, you know, you have time to prepare for it. To make a sell decision on Monday for something that's going to happen potentially 15 months out, ain't too smart.

Let's rewind. 

On Wednesday, when asked about the inverted yield curve and what it means for a possible recession, Kenny Polcari, managing principal at Butcher Joseph Asset Management, suggested that investors need to approach the doom and gloom around a possible recession on Twitter and the media with caution.

The conversation is "dynamic," he said. 

But, if there were to truly be a recession--the soonest Polcari would expect one would be October of 2020. 

However, he added, that that is "not exactly what Trump wants."

When TheStreet caught up to Polcari a couple of days later, Polcari said that he's not sold on a recession in the next 15 to 18 months, but there will be a recession sometime in the future. 

"I'm not necessarily so sure that's when it's going to be, but I am sure is it coming? Of course it's coming. It's called the business cycle. It'll happen whether it happens next month, next year, two years from now, it's coming and people should be aware of that, but the excitement and all that chatter about the yield curve, which inverted for all of five minutes, created that conversation about, oh my God, the recession's here, knock on the door. It's not happening. Right? It's not happening. It's not happening today is it going to happen? Sure. At some point," he said.

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