forecasting

Why Recessions Are Necessary – John LaRosa

Aug. 15, 2019 In a capitalist economy, the normal business cycle includes both expansions and recessions (two consecutive quarters of negative growth in the GNP). Usually, recessions take place every four or five years. However, since the Great Recession of 2008, it has been a most unusual 11 years of expansion. We are long overdue. […]