Recession watch, Fed policy, wealth taxes and the 2020 US election

I want to tie a number of economic and political topics together today as a way of thinking about what the next 18 months in the US will mean. And a lot of it starts with the US domestic economy. 

Recession watch

Over the past several years, I have been pretty bullish on the US economy. And I have consistently said that I have never seen any data patterns…