How do you believe your personal financial situation will change in 2019?
- It will improve. (39%, 42 Votes)
- It will remain the same. (39%, 42 Votes)
- It will worsen. (23%, 25 Votes)
Total Voters: 109
In what year do you sense the next economic recession will hit California?
- 2020-2021 (54%, 74 Votes)
- 2019 (24%, 33 Votes)
- 2022-2023 (14%, 20 Votes)
- 2024 or later (8%, 11 Votes)
Total Voters: 138
These polls will expire on January 28, 2019.
The Yield Spread indicates that we are entering a period of high probability for a recession in 2020. However, the current administration’s lack of a coherent financial strategy, increased debt and trade wars may accelerate the recession into 2019, rather than the following year. In any event, expect a recession in the coming 18 months or sooner.