I did an interview with FOX Business on Friday where I offered my comments on the overblown mess at JP Morgan, which is the story of the day/week. I also opined that the next recession in the US will likely be seen in 2013 or 2014. I was somewhat surpised that the anchor thought that was so outrageous. Except for the 1990s, we typically see one or two recessions per decade with one being more severe than the other when there are two. Given that the last one ended in 2009 according to the folks who keep the data, by 2013 or 2014, we will be due for another.
While I certainly don’t want to see another recession or navigate through another bear market, they are a fact of capitalism. The key is what kind of shape the consumer and corporate America are in right before it hits. I would argue that we are in a better position to weather the storm than at any similar period during the modern investing era. And guess what happens on the other side of the next recession???
http://video.foxbusiness.com/v/1634285059001/is-jp-morgan-the-beginning-of-a-crisis-or-contagion
