Halloween may be more than two months away, but something in the air already has the markets spooked. Worries about the end of the bull market and a looming recession has economists and politicos worried about the impact of a sluggish economy. While Daniella is off this week, Ed sits down with CAP Senior Economist Gbenga Ajilore to diagnose the warning signs that could lead to the end of a more than decadelong economic boon. Key among the contributing factors are President Donald Trump’s trade war with China—which has shuttered markets for farmers across the country—and the 2017 tax cut, whose benefits went largely to corporations and earners in top income brackets. An economy, of course, should work for everyone, which is why we also revisited a conversation with Darrick Hamilton from earlier this year about creating an inclusive economy.
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Ed Chung is the vice president for Criminal Justice Reform at the Center for American Progress. Chris Ford is the broadcast coordinator at the Center.