Hello, Welcome to Known Unknowns, a newsletter that can’t predict the future or tell you what asset price is about to collapse, but it does know how to value pension liabilities. Will there be a recession 2020? I have no idea. Expansions don’t die of old age; the odds of a recession don’t increase over time. Expansions usually end with an adverse economic shock, and those are, by definition, impossible to predict. There are many sources of potential shocks – China, trade wars, Iran, beggar-thy-neighbor currency wars, maybe an increase in oil prices.
Known Unknowns
Known Unknowns
Known Unknowns
Hello, Welcome to Known Unknowns, a newsletter that can’t predict the future or tell you what asset price is about to collapse, but it does know how to value pension liabilities. Will there be a recession 2020? I have no idea. Expansions don’t die of old age; the odds of a recession don’t increase over time. Expansions usually end with an adverse economic shock, and those are, by definition, impossible to predict. There are many sources of potential shocks – China, trade wars, Iran, beggar-thy-neighbor currency wars, maybe an increase in oil prices.