Locator: 45487ECON.
And yes: there will be a recession. Just to make that clear. Most folks, including Charlie Munger, think we have already been in one or are currently in one or there will be in. GDPNow, most recent estimate, yesterday, for 3Q23 GDP: 5.8 -- which I believe is the highest among western nations right now.
But for now? It's a "richcession." This obsession-recession is quite amazing. It's almost as if 30-y/o business writers have just discovered the business cycle. Link here.
They tag this "personal finance," but for the life of me I have no idea how this obsession with recession helps with personal finance.
This article meandered all over the financial plains:
Reminds me of a "Muppets" sketch.
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