Creeping inflation and looming trade wars are pushing America steadily toward another recession, says Ernie Goss, economist and professor of economics and finance at Creighton University in Omaha, Nebraska.
"We are almost at a tipping point. This is a treacherous time," Goss said at the Mid-America Economic Development Council's 2018 Competitiveness Conference & Site Selector Forum in Chicago on Dec. 4.
While Goss admitted that he, like most economists, doesn't know exactly when a recession will hit, he cited several factors that he believes lay the groundwork for one:
"There are some real concerns out there," Goss says. "We're living in the most interesting times. My advice is to keep more cash in your portfolio. That's what I'm doing."
If current trends continue, Goss says to look for the following things to occur in 2019:
Ron Starner is Executive Vice President of Conway Data, Inc. He has been with Conway Data for 22 years and serves as a writer and editor for both Site Selection and the company's Custom Content publishing division. His Twitter handle is @RonStarner.
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