Are we in a recession? The news media would have you believe so. I heard one of the presidential candidates state it as fact. The other one gently sidestepped giving a definitive answer.
A recession is 2 or more consecutive quarters of negative growth. Far as I know, we have no data yet showing negative growth for even 1 quarter. We certainly have less growth and a weak market. That’s less POSITIVE growth.
Throwing out the R word so frivolously is an irresponsible over-reaction.
Here’s a great article from one of my favorite dudes:
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