Nation's Ultra-Rich Expect a Recession in 2 Years

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.

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