Paul Krugman on the next recession

Nobel Prize-winning economist Paul Krugman says bond market signals are flashing “a pretty good chance of a recession sometime in the next year or so.” He points out that China is struggling and Europe may already be in a recession. But Krugman says it is unlikely that only one factor will cause the next financial downturn. The deflation of a tech bubble and corporate debt could also come into play. While President Donald Trump boasts about the economy, Krugman insists U.S. GDP growth is not superb and simply within regular…