Bernanke's 2020 Prediction Is Dead Wrong [Forbes]
Nuveen S&P 500 Dynamic Overwrite Fund (SPXX)
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Source: Forbes
(Photo by Win McNamee/Getty Images) Something strange is happening in the investment-bank and hedge-fund world: a growing sense that the next recession (which, by the way, Wall Street has long been wrongly predicting for years) finally has a due date: 2020. The number of Wall Street firms predicting this date is staggering. Bloomberg’s Joe Wisenthal has collected a few predictions, such as one from Moody’s Analytics chief economist Mark Zandi, who said 2020 will be the economic “inflection point,” and Société Générale’s economic team, who said the likelihood of a 2020 recession has risen due to, among other things, a tight labor market and higher borrowing costs. Even former Federal Reserve Chairman Ben Bernanke is getting in on the act, saying a boom “is going to hit the economy in a big way this year and next year. Then in 2020, Wile E. Coyote is going to go off the cliff.” Doom and Gloom = Cheap 7%+ Dividends for You This all sounds scary, but
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