Economists say recession unlikely before 2020 election

Economists say recession unlikely before 2020 election


CONNELL: I’M SURE YOU HEARD THIS QUESTION A BUNCH OF TIMES WITHIN THE LAST WEEK, WHETHER WE SEE RECESSION BEFORE THE NEXT ELECTION? THERE IS A NEW SURVEY, 38% OF ECONOMISTS SEE A RECESSION NOT UNTIL AFTER THE ELECTION. OTHER SIDE OF IT 34% SEE IT BEFORE. WE’LL FIGURE IT OUT I GUESS. TOUGH TO GET THE TIMING RIGHT. THAT IS THE PREDICTION BUSINESS. DEMOCRAT CANDIDATES HOPING FOR A DOWNTURN? SOUNDS THAT WAY. FOX NEWS CONTRIBUTOR LIZ PEEK WITH US IN STUDIO, DEMOCRATIC STRATEGIST, CHRIS HAHN AND KEN BLACKWELL JOINS US IN WASHINGTON DID YOU MAKE ANYTHING OF THE TIMING OF THIS SURVEY? ALMOST IMPOSSIBLE, WE’LL CALL PEOPLE WRONG.>>38% OF ECONOMISTS AND 100% OF DEMOCRATS ARE HOPING FOR RECESSION OR THINKING THERE WILL BE ONE. WE HAD AN INVERSION OF THE YIELD CURVE. THAT IS AS YOU WELL KNOW, SUBJECT TO LOTS OF DIFFERENT INTERPRETATIONS BUT IT DID HAPPEN. AROUND THE WORLD YIELDS HAVE PLUNGED TO LEVELS WE’VE NEGATIVE SEEN BEFORE. IN DENMARK TODAY, I READ, THEY ARE ACTUALLY PAYING TO YOU TAKE A MORTGAGE OUT ON YOUR HOUSE. THIS IS KIND OF, THE REAL MANIFESTATION, BIZARRE THING. CONNELL: GO TO GREEN LAND TO RAISE MONEY.>>I THINK ACTUALLY IT’S A GREAT IDEA. STRANGE THINGS ARE HAPPENING IN GERMANY. LAST WEEK I TALKED ABOUT GERMANY COMING UP WITH A FISCAL RESPONSE. IT’S A COUNTRY THAT CAN DO IT. THEIR DEFICIT RUNS 60% OF GDP. THEY’RE IN A POSITION TO BOOST THEIR ECONOMY WHICH WOULD BOOST THE EU SO WE HAVE TO SEE SOME OF THAT STUFF HAPPEN. I THINK IT WILL. SO THE ANSWER IS, WE MAY OR MAY NOT SEE RECESSION. IT IS BY NO MEANS A LOCK. CONNELL: POLITICAL QUESTION, WE’LL GO TO YOU FIRST, KRISTIN, WE’LL GET KEN INVOLVED, ONE THING FOR PEOPLE TO SAY DEMOCRATS ARE ROOTING FOR THE ECONOMY TO TURN SOUTH, WHATEVER THE CASE MAY BE, IF YOU’RE IN ENVIRONMENT OF SLOWING GROWTH RIGHT NOW, HOW DO YOU LOOK AT IT? IT OPENS UP AN ATTACK LINE AGAINST THE PRESIDENT THAT MAYBE THERE THE ECONOMY WAS IN STRENGTH, INSTEAD OF GOING AFTER HIM ON TWEETS AND PERSONALITY, GO AFTER HIM ON ECONOMIC POLICIES? IS THAT A CHANGE OF COURSE LAST FEW MONTHS OR WEEKS FROM THE DEMOCRATS?>>I WILL SAY AS A DEMOCRAT, I’M 100% CERTAINLY NOT HOPING FOR RECESSION. CONNELL: NOT ROOTING AGAINST A COUNTRY.>>I’M NOT ROOTING AGAINST THE COUNTRY. I WORK WITH NUMBER OF MEMBERS OF THE HOUSE ROOTING FOR AMERICAN WORKERS. I THINK THERE IS A POLITICAL CALCULATION HERE, HEADING INTO THE ELECTION, IF THE ECONOMY HITS A DOWNTURN RIGHT BEFORE THE ELECTION IT, COULD HAVE IMPACT ON TRUMP. I’M ORIGINALLY FROM TEXAS. WHEN I GO BACK HOME TALK TO PEOPLE WHO ARE TRUMP SUPPORTERS THEY TALK A LOT ABOUT, YOU KNOW, I MAY NOT LIKE THE MANNERISMS — CONNELL: BUT I’M MAKING A LOT OF MONEY.>>BUT I’M DOING WELL RIGHT NOW. CONNELL: HE IS MAKING THAT ARGUMENT, KEN. IN THE LAST RALLY I GUESS IT WAS, LAST COUPLE RALLIES, HEY YOU MAY NOT LIKE ME OR LOVE ME, HATE ME, BUT YOU HAVE TO QUOTE, UNQUOTE HAVE TO VOTE FOR ME. IS THAT HOW THE ELECTION WILL BE DECIDED HERE IN TERMS OF THE ECONOMY?>>LOOK, CONNELL, A RECESSION IS ALWAYS COMING. CONNELL: RIGHT.>>THE POLITICS OF THIS IS, WHEN FOLKS ARE GIVING THREE CHEERS FOR RECESSION, THAT IS PROBLEMATIC. AS A FORMER MAYOR I KNOW HOW RECESSIONS IMPACT MIDDLE AND LOWER INCOME FAMILIES. THEY ARE REALLY, REALLY TOUGH, BUT IF YOU TAKE A LOOK AT CONSUMER SPENDING, IT IS STILL STRONG. AS YOU KNOW, THAT ACCOUNTED FOR ABOUT 2/3 OF THE ECONOMIC GROWTH, YOU KNOW, IN OUR ECONOMY THIS PRESIDENT ACTUALLY GOT TWO TO $3 TRILLION OFF THE FENCE, WORKING IN OUR ECONOMY, IN ACCELERATED GROWTH AND LABOR PARTICIPATION. SO, I THINK THERE ARE STRONG INDICATORS THAT WE’RE GOING TO PUSH THROUGH THIS, SO I WOULD, I THINK RECESSION WILL COME BUT IT WILL PROBABLY COME SOMETIME IN 2021. CONNELL: THAT IS THE THING. TIMING IS EVERYTHING. I WANT TO MOVE TO THE OTHER SIDE FOR A MOMENT, POLITICALLY, TALK ABOUT ELIZABETH WARREN. I CAN ALREADY HEAR SOME OF THE RESPONSES, THAT ELIZABETH WARREN WAS AT A NATIVE-AMERICAN PRESIDENTIAL FORUM IN STATE OF IOWA, ADDRESSING CONTROVERSY OVER HER CLAIMS OF HER OWN ANCESTRY AND HERE IS WHAT SHE SAID.>>I WANT TO SAY THIS, LIKE ANYONE WHO HAS BEEN HONEST WITH THEMSELVES, I KNOW THAT I HAVE MADE MISTAKES. I AM SORRY FOR HARM I HAVE CAUSED. I HAVE LISTENED AND I HAVE LEARNED A LOT. AND I AM GRATEFUL FOR THE MANY CONVERSATIONS THAT WE HAVE HAD TOGETHER. IT’S A GREAT HONOR TO BE ABLE TO PARTNER WITH INDIAN COUNTRY. THAT IS WHAT I HAVE TRIED TO DO AS A SENATOR. THAT IS WHAT I PROMISE I WILL DO AS PRESIDENT OF THE UNITED STATES OF AMERICA. [CHEERS AND APPLAUSE] CONNELL: BACK TO THE PANEL ON THIS ONE. LIZ PEEK, YOU GET TO GO FIRST IS IT?>>I GIVE HER HIGH MARKS FOR SHOWING UP THERE ON TWITTER, THERE WAS AWFUL LOT OF COMMENTARY THIS IS PRETTY IRONIC PLACE FOR HER TO BE. SHE HAS BEEN DISHONEST A LONG TIME. THIS IS NOT SOMETHING SHE DID ONCE OR TWICE. SHE LIED ABOUT THIS CONSISTENTLY TO BOOST HER CAREER. PEOPLE DO HOLD IT AGAINST HER. SHE IS DOING WELL ON BUNCH OF OTHER THINGS. I DON’T THINK IT’S A DEAL BREAKER. CONNELL: I FIND THAT PART OF IT, KRISTIN TO BE VERY INTERESTING, WE ASSUME PEOPLE WILL REACT ONE WAY, IN THIS CASE DEMOCRATIC PRIMARY VOTERS TO AN ISSUE. YOU SAY WHEN THIS CAME OUT, I WOULD HAVE THOUGHT THIS ISSUE, BECAUSE OF THE HONESTY THAT LIZ BRINGS UP WOULD HURT ELIZABETH WARREN’S CANDIDACY MORE, WHILE SHE SEEMED TO FADE IN BEGINNING WHEN IT WAS UP IN THE NEWS, BOY SHE COME ON HERE LATELY. PEOPLE FORGIVE, FORGET, DON’T KNOW.>>BEING HONEST SAYING I HAVE MADE MISTAKES, I THINK PEOPLE LIKE THAT IN CANDIDATES. AND I THINK THAT SHE HAS TAKEN, IT IS INTERESTING TO SEE HOW MANY OF BERNIE SANDERS’S SUPPORTERS SHE IS TAKING. CONNELL: WHAT IS GOING ON THERE?>>FOR WHATEVER REASON I THINK BERNIE’S TIME HAS PASSED. CONNELL: RIGHT.>>HE WAS THE CANDIDATE MAYBE THEY SUPPORTED LAST TIME. BUT SHE’S, OTHER VOICE IN THE PARTY THAT KIND OF TAKES THAT, HAS THAT SAME, GROUP OF POLICIES. THEY’RE NOT THAT DIFFERENT REALLY.>>HE IS ONE-TRICK PONY. ONE THING HE TALKS ABOUT. SHE HAS A MILLION THINGS SHE TALKS ABOUT.>>LIST OF ACCOMPLISHMENTS FOR ALL YEARS IN OFFICE IS LAUGHABLE. CONNELL: OTHER THING, KEN, WHICH WE KNOW, THE WORLD WHERE ELIZABETH WARREN IS NOMINEE, WHICH IS NOT THAT FARFETCHED, GOING UP IN THE POLLS, TO KRISTIN’S POINT THERE IS NO BERNIE SANDERS THERE, SHE — WE KNOW HOW DONALD TRUMP WOULD GO AFTER HER. KNOW WHAT EXACTLY PRESIDENT TRUMP WOULD SAY ABOUT HER. I ALWAYS ASK GUESTS THAT AGREE WITH THE PRESIDENT, WOULD HE LICKING HIS CHOPS OVER MATCHUP WITH ELIZABETH WARREN OVER JOE BIDEN?>>IT WOULD BE CLASSIC, CLASSIC SOCIALIST RHETORIC VERSUS A FREE MARKET PRESIDENT THAT ACTUALLY MADE THE FREE MARKET WORK FOR AMERICAN WORKERS AND FAMILIES. AT THE END OF THE DAY, ELIZABETH WARREN IS GOING TO HAVE THE ALBATROSS OF HER BIG LIE HANGING AROUND HER NECK. THE REASON FOR THAT IS, THAT SHE’S ACTUALLY RUNNING FOR THE NOMINATION IN A PARTY THAT ARE THE MAJOR, PRODUCERS OF IDENTITY POLITICS. AS A CONSEQUENCE, AS OPPOSED TO TALKING ABOUT E PLURIBUS UNUM, FROM THE MANY, ONE, SHE WILL BE SADDLED WITH A CAMPAIGN THAT IS DIVIDE AND CONQUER AND PLAYING ONE RACE AND ETHNIC GROUP AGAINST THE OTHER. CONNELL: WHATEVER SIDE YOU’RE ON, IF SHE WOULD AVOID IT IN THE PRIMARY SHE WILL HEAR IT ABOUT

100 comments

  1. Leftist globalist Economist maybe, but real economists say everything is just fine. Fear creates the victim, don't lets these fools scare you, the economy is psychological.

  2. DEMOCRAT PARTY PLATFORM … YOU SUCK WE HATE YOU WE ARE GOING TO PUNISH THE CITIZENS AND TAX PAYERS FOR REJECTING HILLARY … YOU ARE REALLY REALLY REALLY GONING TO GET IT NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  3. Mistakes! This piece of s*** has built a 20 plus year career on a lie, anyone believing she is sorry is delusional.

  4. NONE of you asked the right Question:
    Did Warren offer to give back the $400,000?
    Who got Bumped, because of her lies?

  5. FOR ALL OF YOU WHO HAVE BEEN ATTACKING FOX NEWS FOR SHUTTING DOWN ITS COMMENTARY SECTION ON MOST OF ITS VIDEOS PLEASE READ ON:
    WHY ARE YOU ALLOWING THE ENEMIES OF THIS NATION DIVIDE YOU FROM YOUR ALLIES SO EASILY??? CAN'T YOU FIGURE OUT YET THAT FOX HAS BEEN DEALING WITH A HACKER???? IF YOU ARE SO COMPLIANT AND QUICKLY TURNED AGAINST OUR BEST PEOPLE ON THE FRONT LINES THEN STOP PRETENDING YOU HAVE ANY WORTH IN FIGHTING THIS BATTLE. YOU ARE TOO MUCH A LIABILITY TO BE TRUSTED.

  6. Someone needs to explain why a recession would cause a voter to turn from Trump to one of these democrats. That would be like shooting yourself in both feet.

  7. All Americans are voting trump. Cut taxes again. bare bones taxes…soc sec are trust funds and medicare is a trust fund and not taxes. Cut back to post office and military only. LEAVE THEM IN THE DUST.

  8. Radical Dems 95% all garbage traitors doing nothing for United States but trying to take down USA! Stop using our taxpayer to pays for Dems garbage politicians!!

  9. According with statistics a big exodus of homeless going to their origin states and country’s like never before 🤔

  10. Mistake?
    This woman doesn't get it. You DELIBERATELY lied to get ahead in college. This is b.s. She should never get anywhere near the White House.

  11. The democrats are the ones creating a "manufactured crisis", only in this instance it's straight out of Minority Report because it hasn't happened yet.

  12. There will be a correction nearing the 2020 election, not a recession. Very obvious. Trump will win the 2020 election and we will have a stable economy for another 4 years. This is why I am buying a lot of real-estate at the moment – I only have 25% of my portfolio devoted to equities because I do believe they are over-inflated and are too prone to volatility.

  13. I'm glad Elizabeth owned up to her lie but I couldn't trust her this soon in as large a role as the President of the USA. Not that I'd vote for her if she hadn't lied, her plan just isn't my cup of tea.

  14. Oh…Now they're (MSM) etc., trying to pretend there will be a recession 'after' the 2020 Election in an attempt to prevent faith in Trump…Not Happening, they cannot sway loyalty to Trump, nor create an imaginary recession, before or after, as opposer's would like to do

  15. America's BEST defense against a recession is President Trump. The lunatic left wants a recession and if they had the power they would see to it. The ONLY candidate we have had in there fighting for American citizens since Reagan is President Trump. What The president has done so far is not going to be turned around in a couple of years, what the president is doing is making America stable and secure for a decade or more.. The longer we have Trump and someone like him in office, the better it is for Americans. We are riding a Trump created wave that can be shut down quite fast if the lunatics were allowed to replace him.
    We are seeing the muslims in congress trying to get more wars going on in the middle east….THAT is the DNC direction. The middle east NEEDS a bigger stronger Israel. For the safety, security and well being of ALL residents of Israel the muslims and arabs calling themselves palestians HAVE to be relocated to a muslim country. They were offered a part of pakistan to set up their new country and refused to move out. They fight for chaos , bloodshed and keep their people in misery.
    The UN found a place for those muslim arabs to move to, now they should go to Gaza and poll each and every resident if they want to stay in gaza or move to the new promised land and help them move out. And then go to the west bank and do the same. 95% of the people will move for a better future.

  16. Women know finance?? 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

  17. Trump's economic policies have been a disaster from day 1, and it's only a matter of time before he plunges the country head first into a massive Trump recession.

  18. Trump 2020 ! Democrats have no chance in winning most of u aren’t from America go back to your country worry about your own country

  19. Dems Omar and Tlaib are not consistent as United States Congress members. After their ban from Israel and secret ties to Terrorist organization; have no less but to be banned from United States.
    With fake marriages and dishonest tax evasion constitute domestic terroriest fueling anti- government strategies.
    Yield this miscarriage of our Congress ; to Ohio Congressman Jordan.
    This military veteran appeals to Congressman Jordan to protect our nation from domestic terrorist association; problematic Congress Freshman members.

  20. A "MANUFACTURED CRISIS" is What the Democrat Party is Spewing now!
    Democrats' MOTTO:
    >>MAKE AMERICA FAIL AGAIN
    Geeze Louize!

  21. It is the FAKe NEWS again spreading LIES…..the only thing they know best!
    Why do you think their RATINGS are not even worth mentioning….lol

  22. Elizabeth Warren went to her favorite restaurant & was asked to leave, immediately…
    Apparently, she didn’t have a reservation…😂😂😂

  23. 美国是国际大家长.事情繁忙的.但美国川普总统.副总统彭斯众参议员有能力处理好的
    加油吧!美国

  24. The President will be elected including others who will take the house and senate. The Democrats are angry the first argument was the Russian collusion. There the second argument is the next recession. This apolitical witch hunt against the president. If we have another recession it will be the Obama and Clinton recession. The President is doing a good job.

  25. The dems would do anything to win, and no matter what would happen I don't want the democrats in charge of anything. They have gotten too crazy and want Socialism. I will never want Socialism. I want to keep our country American.

  26. Recession only matter when you have too much loans. Get out of debt and have an emergency fund for 3-6 months of expenses. This will keep the bank away from foreclosing on your house or landlord evicting you for not paying rent. This will also keep the repo man away from your car as you would sell the new expensive car loan and get a cheap car as your daily driver to live on. All in case you lose your job.

  27. Only the filthy rich hypocrite leftist RATS like Bill Maher, Clinton’s, Mika & Joe, rats like that WANT a recession because recessions Don’t affect THEM💰🗳🐀🐀🐀🐀🐀🐀🐀🐀

  28. Non partisan warning for people wandering through the comments section: there are many bots trying to start comment fights by commenting inflammatory pro-Democratic AND pro-Republican statements. Watch out for blatantly false conspiracy theories, rampant spelling and grammar errors, a high number of radical opinions designed to illicit responses fuelled by negative emotion such as anger and blind hate, as well as physical threats to supporters of both parties. Always remember that most human beings are rational people. Comments bordering on insane by either side should be assumed to be bots and ignored.

  29. Please don't BS us with "economists predictions". Every top economist will tell you they are consistently lousy at predicting anything. And they actually don't have to.

  30. Satan is the father of lies and Biden and Warren lied about their roots and history their whole life! Know who YOU connect with.

  31. HOW EVERYTHING IS SPREADING LIKE MONEY AND STOCK MARKET THE ILLEGAL DRUG CAN COME TO 50 CENTERS AND THAT WILL NOT HAVE ANY REASON TO STEAL THE PETROLEUM

  32. Warren… what a phony … do not buy it… do you want a whiner, liar as President… imagine her with Putin or Kim…

  33. So the left is threatening the American Citizen with a Democratically induced Recession in order to remove President Trump from the Presidency! If that's not treason than what is…Democrats threaten to pack the Supreme Court with liberals to get their leftist agenda installed at every level of the American Society…Is that not treason! These democrats are in fact enemies of America!

  34. dems singing russian russian russian and now recession recession recession. so pathetic. there will be a recession after election IF Trump does not get elected for sure.

  35. What good has Trump actually done for the American people? Aside for the incarceration reform that is…tax cuts was a flop, border wall a waste of money that Mexico did not pay for, drugs prices are still going up, stores are still closing down, jobs are still leaving US…can someone educate me? Also please provide resources, Fox News & CNN should never be used as resources they're both biased.

  36. just scare tactics, if any thing is going to happen it will be closer to the elections, to force the elections to be postponed,the dems know they cant win ,so they will flip the board so no one wins by stopping elections and put us under total military control

  37. The DNC continues to work against Tulsi Gabbard. I guess they dont want anyone who tells the truth and would actually work for the people.

  38. Anybody can give themselves or another a title of economist. The problem is, is that none of them has any say or control over the stock markets.

  39. Just give the banks more money ("quantitative easing") and the bankers will give themselves big bonuses and fudge the accounting and declare that there is no recession. We need Bernie Sanders in the White House to get some transparency in the government and to get health care for all Americans.

  40. Dumb Fat Donny 6X was handed a vibrant economy. Thank you Obama. The Dumb Don is now sending it into the shitter with his tariffs. He's out of his mind. He's a babbling bobblehead fool. Thinks he's "The Chosen One" now. Wants to buy Geenland. Wants to give himself the Medal of Honor. He's bonkers. NUTS. If you could look into his head all you would find is a putter, a Big Mack, someone else's credit card and a porno tape.

  41. The U.S. economy is fine. The issue is all the dumb people who have started investing on their own and the ither countries who will be adjusting to manufacturing moving to other countries as the US creates new fairer and RECIPROCAL trade deals.

  42. Trump “doubles down” every time people disagree with him.  Unfortunately, while he’s doubling down he isn’t thinking, which is why he should immediately be kicked to the curb with the rest of America’s white trash.

  43. Of course there will be no recession before the 2020 election; Trump is President. Elect a Liberal moron that is going raise taxes and give the idiot class free everything and see what happens to the economy. TRUMP in 2020!

  44. Here again, this is Fox Ooze Business wanting to talk about the economy but instead of bringing in "real independent economist" to discuss the issue they bring in political pundits to say the left wanting to use this to defeat Trump. Reputable independent economist have been talking about a recession happening in 2020 for about 5 to 6 year now because of historical data not because the left is wishing it. What Paul Ryan and Trump did to the average taxpayer was despicable and that's why their talking about a payroll tax cut now because now they see the handwriting on the wall.

  45. People relax look who is talking about I recession the liberal media the fake news the Democrats because they have nothing to run on so they're not a trained fear-mongering just like Fredo AKA Chrissy Como it's now saying that President Trump has in age because he doesn't care do people see anything wrong with this man mentally this clown from The Clown News Network known as CNN oh my God and these people are not embarrassed to face other people with a brain that you've been walking around with a paper bag on their faces

  46. Moderates in both the Democratic and Republican parties are around 35-40% at a minimum.
    Moderates from BOTH parties combined are the LARGEST voting block.
    Combine that number with “independent” voters and you have the largest voting block by far!
    But watch the news and you will see that it’s focused on the FAR LEFT AND RIGHT IDEOLOGY.

    The goal of each party is to call attention to the FAR left and FAR right, in other words, the “extremist nut cases” in each party.

    This sows division, hardens opinions, and allows the social media to target you with political advertising and agendas, IT MAKES YOU PREDICTABLE.
    This strategy hopes to make moderates and independents think LESS MODERATE.
    This strategy hopes this “moderate” voting block will move farther to the left or right, where their “predictably” is easier to know.

    Teach your children about this so that they learn to THINK FOR THEMSELVES and not let the network news commentaries infect them.
    America is WEAKER when it is divided.
    “E pluribus unum,” not “E pluribus duo”

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