What could trigger a recession in the United States or the euro zone at present?
Given the low inflation, low interest rates, high corporate profitability, rising participation rate and low level of the oil price, what could trigger a recession in the United States or the euro zone at present? A drastic global shock, leading to a fall in global trade; this is probably the case with coronavirus; A correction of excessive capital accumulation? That is unlikely; A bursting of asset price bubbles, which would result from their excessive size, not from a rise in interest rates? That is possible .