So there are so many holes to poke in this article it won't have the solidity of swiss cheese when we're done, but I always think it interesting to throw in a few Bloomberg articles just to emphasize that along with their warped viewpoint, there is a hint of truth.

False things stated in the article:
1. That the last recession only lasted eighteen months. It actually lasted eight YEARS - the entirety of the Obama Presidency. Economic activity only went back to normal once Trump was elected and his Agency heads started reversing onerous Obama-era policies.
2. That we are in our ninth year of economic expansion. This one is patently false. We're barely into year two. The economy struggled mightily all during Obama's reign in every conceivable category.
3. That the next recession could drag on longer than eighteen months. Aside from #1 above, the Democrats aren't in charge to be able to draw out the malaise and keep heaping on more regulations - which were the primary cause of the last recession.


Truths:
1. That the Fed is out of tools. They've already tried so-called "quantitative easing", which is nothing more than a huge transfer of wealth - trillions of dollars to the Federal Reserve itself. Now the Fed is trying desperately to get all that debt off their balance sheets by having it purchased by your tax dollars. But the Fed can't take on much more debt - even in the form of IOU's to itself.
2. Rising interest rates can be a problem. Clarification: rising interest rates are a problem to anyone who is in debt - especially those on a variable-rate payment system (like most revolving credit lines). That includes unfortunately most of America, who has been drunk on "easy money" for the past two decades - especially the Federal Government. As interest rates rise, so does the percentage of tax income necessary to service the National Debt, meaning that entitlement programs are going to have to take a hit eventually.
3. Rising interest rates are a boon to investors who can now demand reasonable returns on their moneys. We've been so low for so long that people have forgotten what it was like to get 2-4% on their standard savings accounts, 5% on a decent CD, or 7-8% on a bond. (Homeowners, beware!)


Things that slipped out:
1. That the Fed's goal is 2% inflation every year. (That's because the Fed works to bail out the government for its egregious spending policies - which didn't get any better this year even with Republicans in control.) This is a TERRIBLE goal because inflation is wealth transfer from the makers to the takers by devaluing debt.
2. The Fed is worried about our "financial foundation." That's because it stinks right now. The investment market is a three-legged stool consisting of stocks, bonds, and real estate. Bonds are worthless right now because they depend on higher interest rates to attract investors. What this does is push wealth into the other two legs of the stool and the result has been exploding stock prices that have no relation to real earnings. The other problem is that because interest rates are so low, real estate values are also overvalued because many people are pouring "cheap" money into homes they can't afford, inflating the market. On top of that, instead of getting Fannie and Freddie OUT of the housing market during the last crash, they are even MORE involved than ever, meaning that when the next real estate crisis which hits will be even worse than before.

Buckle up. It's going to be a wild ride.