Recessions Can Spell Opportunity – By John LaRosa

Dec. 28, 2019 Many economists are now talking about the U.S. economy entering a recession in 2020, following a longer than usual recovery of 10 years. Recessions are a normal part of the business cycle in a capitalist country. Some are mild and some, like the Great Recession of 2008-2009, are severe, caused by unusual […]

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. […]