Are we close to the next recession?

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Yes. Definitely within the next 20 years.

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LOL. Ya, and the last recession had nothing at all to do with subprime mortgages...


In 92, a law was passed by Bush Sr which required that when Fannie Mae and Freddie Mac purchased mortgages, 30% of them had to be related to "affordable housing".

Was increased to 50% in 2000 by Clinton.
Was increased to 55% in 2007 by Bush Jr.

This of course is just a part of it, a significant part though. The 2008 recession was caused by decades of bad policies pushed by both parties.

But then, some people need to over simply and spin events to meet their world view.

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Trump will ensure it and a democrat once again will have to come in to fix it.

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According to what?

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