Random Gleanings: Is This a Recession?
Recessions are defined officially by economic calculations – two consecutive quarters of shrinking GDP – but it is fair to say that those of us who are not economists have a sense when the economic engine starts to stutter. So… are we in a recession? We’ll have to wait for the National Bureau of Economic Research (NBER) to tell us officially, but preparing now for how we will manage our investments for the next expansion can be helpful.
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