The U.S. Economy: Is a Pre-election Recession in the Cards?

President Donald Trump has plenty of problems — from Democrats’ constitutional and ethical complaints to the business of running the country — but, at least for now, he seems to have avoided a pre-election recession. Trump started off the year plagued by worries that the economy was going to go into reverse, undercutting the image of master businessman that he’s sought to project. But sentiment shifted recently, with more experts projecting the economic growth spurt might well carry on until Election Day in just over 18 months. Case in point is Goldman Sachs chief executive officer David Solomon, who appears to have had a change of heart since January when he stated that there was a 50/50 chance of recession — defined as two consecutive quarters of economic contraction — in the U.S. next year. Flash-forward just a few months and he’s of a much sunnier disposition, telling CNBC last week that the risk “feels less than that today” and that the second quarter was “chugging along pretty well.” Even more positive was Jamie Dimon, chairman and ceo of JPMorgan Chase, who in a recent call with analysts was extremely bullish about the strength of the U.S. economy. He said that if one looks at

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