What can Trump, the Fed and Congress do to get ahead of the curve on the next recession before it happens? If you buy into the idea of a business cycle, the economy is a lot like a forest that grows, prospers, becomes large and then, with the right conditions, usually a drought or a lightning strike, is cleansed by a great fire — a recession. And then the cycle starts again anew. Today, we’re not in recession. The economy is still growing at 2 percent in the second quarter and unemployment is near 50-year lows at 3.7 percent. But certain warning signs in the bond market are flashing. So, what can be done to strengthen the economy now so that if and when a recession does hit eventually, we’re prepared and it’s as soft a landing as possible?
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