No Economic Shift Expected Through 2020

Gary Bechtel

The economy should remain steady through 2020, according to several market experts. A recent report from Beacon Economics forecasted little chance of a downturn through 2020. Gary Bechtel of Money360 agrees with industry consensus: the economy is steady with no anticipation of a recession through 2020.

“Based on the current and projected performance of the economy, barring some black swan event, I don’t see much change in 2019 and into to 2020,” Bechtel, president of Money360, tells GlobeSt.com. “The closer we get to the election though, that may change. The Fed has already signaled potential rate cuts in anticipation of a slowing economy. I do have concerns in the growing collateralized loan obligation (CLO) market, as it has exploded over the past couple of years, making it potentially susceptible to disastrous ripple effects if and when a market correction occurs, given some of the aggressive underwriting that we are starting to see from some issuers.”