The next financial crisis will strike in 2020, says JPMorgan

[summer_in_TX]

13. My thought exactly.

Seems to me that we need to be prepared to avoid bailing out Wall Street and the banking system this time, and have a united front that most bailout money will take the form of infusions into the pockets of the middle class and the poor.

If it's in the party platform in 2020 and all the Dems run on the platform, maybe we can hold the line.

It would be an interesting economic experiment that would allow direct comparison of the two approaches, and if we talk it up before the next recession happens maybe we would gain the support of most economists on that basis. Perhaps that would help us with the media and the public.