Fully 75 percent of the ultra-rich forecast a U.S. recession in the next two years, a new survey finds.
That may come as a surprise to some, with the U.S. enjoying economic, robust corporate earnings and the lowest unemployment in 17 years.
KTRH money man Pat Shinn says the warnings from the ultra-rich are worth heeding.
He says interest-rate increases will reach a tipping point and the economy is cyclical.
Of the ultra-rich who expect a recession, 1 in 5 think it will start at early as next year ... and half are convinced it will arrive in 20-20
Meanwhile, the International Monetary Fund recently upped its U.S. growth forecast for 2018 to 2.9 percent.