2nd Quarter 2019 Market Commentary
Defining a Recession
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 and TV personalities are channeling Paul Revere’s midnight ride.
Yes, a recession is eventually inevitable, but is it imminent?
The quick answer is Probably Not. (more…)