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In popular parlance, a recession is “economy bad” which is what you seem to be referring to. In technical terms, it’s strictly referring to the amount of produ
by wbsss4412 4y ago
In popular parlance, a recession is “economy bad” which is what you seem to be referring to.
In technical terms, it’s strictly referring to the amount of production that is taking place in the economy, it has to be reducing.
Your stock portfolio going down isn’t a recession, pricing for specific foods/services increasing isn’t a recession.
- jjeaff 4y agoAnd the economy is not doing bad by most measures. The stock market is only one component of the economy. Unemployment is at near record lows, there are 2 job openings for every job seeker. Wages are up. Profits are up for many industries. If all your assets are equities, you might not feel like you are doing that well. If your assets are in real estate, you are probably richer than you've ever been.
- CogitoCogito 4y agoI personally wouldn't consider the huge increase in values of real estate an indicator of a healthy economy.