Inflation has been putting pressure on households across the country for over a year now. And while prices have started to decrease again, increasing consumers’ purchasing power in the process, inflation is not yet yesterday’s problem. As you map out your own household budget, it’s easy to spot the continued impact of higher prices. With…
Investing in a Recession? Keep These 6 Factors in Mind
Recessions are a hot topic—and never far from any investor’s mind. It’s a sad fact of life that these periods are inescapable—sooner or later, the economy starts shrinking, asset prices drop, and the stock market takes a nosedive. In such circumstances, it is natural to enter damage control mode. However, entering damage control the wrong…
What If We Define Recession Away?
July 19, 2022
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AnalysisBusiness & MarketsBusiness Columnistseconomic depressionNational Bureau of Economic ResearchNBEROpinionrecessionU.S. economyunemployment
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Commentary Another word has lost its traditional meaning. It’s the word recession, which is a postwar neologism in any case. The word depression—from the idea of depressed economic condition—became unsayable following the disaster in the 1930s. So the wordsmiths got busy and invented this new term based on the idea that the economy is merely…
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