Warren warns of economic trouble ahead. Is she right?
WASHINGTON (AP) - Elizabeth Warren became a household name thanks to her prescient warning of what became a global financial crisis. Now she is staking her credentials on another forecast of fiscal trauma ahead.
But even economists who like her prescription are skeptical about her diagnosis.
The Democratic presidential candidate published an online essay this week saying that a rise in consumer and corporate debt is imperiling the longest expansion in U.S. history.
Her prediction could help her win over primary voters by tapping into anxieties about middle-class economic stability. But Warren's opponents could seize on her warning to undermine her credibility should a crash fail to materialize before next year's election. And some economists sympathetic to her agenda say that, for the moment, her conclusion of a looming recession is overblown.