Jamshid Damooei, PhD
What to Look for in the Months or Years Ahead
The Pressure of a Soft/Recessionary Economy
A growing number of economists believe that the US economy is going through a hard period challenged by:
Uncertain world politics
Real estate market coupled with harder lending conditions is likely to continue its current decline well beyond this year. The length of the decline is unknown and some predict that it will continue to the end of present decade.
The situation can get worse if the economy faces inflationary pressure. Higher interest rate will cause greater loan defaults, deeper financial crisis, lower investment and the stagflation will become more evident.