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Defining a Recession: BEAR With Me

Henry Wadsworth Longfellow’s poem, “The Midnight Ride of Paul Revere,” retells the story of a patriot who shouts a harrowing warning to his fellow colonists, “A recession is coming! A recession is coming!” Well, that’s not quite the story, but given the seemingly non-ending talk about a recession, you might think that economists are channeling Paul Revere’s midnight ride. Yes, a recession is eventually inevitable, but is it imminent? And what should we do about it anyway?

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30 Years Ago Today, Wise Words From the Oracle of Omaha.....

“We do not have, never have had, and never will have an opinion about where the stock market, interest rates or business activity will be a year from now.” – Warren E. Buffet, the worlds most admired, least imitated investor, in his annual letter to shareholders dated 30 years ago today, February 28, 1989

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