Is The U.S. Headed For Recession?

By Bill Witherell of Cumberland Advisors

Chairman and CIO, Cumberland Advisors • Jul 1, 2018 at 8:42 AM EDT • Updated Sep 2, 2026 at 10:08 PM EDT

Just about all economists agree there is one thing that could eventually drive the economy into recession: a trade war.

Excerpt from NPR’s article, Is The U.S. Headed For Recession?:

Chart no longer available from the original source.

Just about all economists agree there is one thing that could eventually drive the economy into recession: a trade war.

David Kotok, chief economist with Cumberland Advisors, says Trump is playing a dangerous game. “Who wants to play a game where everybody loses?” Kotok says.

Already Kotok says he’s lowered growth forecasts for the second half of the year. Beyond the angry trade rhetoric, he says, the White House lacks a coherent approach to trade policy.

“You don’t invite compromise when you scream at the other guy,” Kotok says. And, beyond that, he asks: “What’s the policy of the United States? Is it Navarro? Is it Mnuchin? Is it Wilbur Ross? Is it Larry Kudlow? Is it the president, who changes his mind back and forth every day? How do you proceed?”
Read the full article here: NPR: Is The U.S. Headed For Recession?

Disclaimer:

The preceding was provided by Cumberland Advisors, Home Office: One Sarasota Tower, 2 N. Tamiami Trail, Suite 303, Sarasota, FL 34236; New Jersey Office: 614 Landis Ave, Vineland, NJ 08360. 1-800-257-7013. This report has been derived from information considered reliable, but it cannot be guaranteed as to accuracy or completeness.

For a list of all equity sales/purchases for the past year, please contact Therese Pantalione at ext. 315. This report is currently about 1700 pages in length. It is not our intention to state or imply in any manner that past results and profitability are an indication of future performance. This does not constitute an offer to sell or the solicitation or recommendation of an offer to buy or sell any securities directly or indirectly herein.

Cumberland Advisors supervises over $2.4 billion in separate account assets for individuals, institutions, retirement plans, government entities, and cash-management portfolios. Cumberland manages portfolios for clients in 48 states, the District of Columbia and in countries outside the U.S.

Cumberland Advisors is an SEC registered investment adviser. For further information about Cumberland Advisors, please visit our website at www.cumber.com.

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