One of my favorite New York soothsayers assured Crain's readers last week that all is well with the New York economy. Moody's senior economist Barbara Denham predicted job growth will continue for the 11th consecutive year, if at a somewhat slower rate than the 60,000 to 75,000 new positions added this year. Sure, there are issues to worry about, such as President Donald Trump's trade wars, she added, but they appear manageable.
I usually agree with Denham, and I do subscribe to some of what she said. But I think her emphasis is backward. Yes, the city's economy seems likely to grow again next year. But the risks have never been larger during the great Bloomberg–de Blasio boom.
The folks in the trenches mostly agree with me.