Recessions happen; that’s a guarantee. But when will a recession hit? That’s more of a guessing game.
Despite the fact that the U.S. has experienced a record 126 consecutive months of growth, some people are nervous.
But not William Strauss, the senior economist with the Federal Reserve Bank of Chicago. At a recent real estate market forecast event held at Roosevelt University last month, Strauss seemed skeptical that we’re on the precipice of recession.
Strauss cautioned that recessions “don’t just happen because we run out of steam You need something bad to happen, something that alters your behavior.”
While economists were a bit more bullish on 2019 than 2020, Strauss agreed with the majority of the attendees. “I don’t see a risk of recession out there,” he said. “We have not seen an event that rises up to a level that puts the U.S. economy at risk of a recession.”
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Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.