Magazine : Archives : 1st Quarter 2019

Will Banks Draw a Bust Card on the Economy?

Anyone who has ever played blackjack can appreciate the decision that bank chief executive officers and independent directors face today with the red-hot U.S. economy. There are two decidedly different views on how the economy will perform over the next 18 to 24 months. One view is that we are in the final stages of what is now the second longest economic expansion in U.S. history. This outlook was best captured in a June 2018 survey by the National Association of Business Economics (NABE), in which roughly half of the 51 participating economists expected a recession by late 2019 or...