I don't mean to be a downer. A recession is a natural economic reality. Sometimes the bulls win and sometimes the bears win, as they say. I will be posting tidbits asking the following questions:
1. Are we headed into or actually in a recession?
2. What should you do in a recession? (based on expert advice, or at least more knowledgable than me)
3. What are the causes fo recession? In particular, do we talk ourselves into recession?
First installment, the NYTimes reports a pronounced decline in consumption from this time last year. More than consumer confidence or the price index, this would indicate that people expect a recession.
The prices of commodities are also at high points, another "classic sign" of recession because commodities are seen as safe hedges when the market tanks.
Tomorrow, the contrary view. You decide.
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