I see the word everywhere. I hear it being mentioned by news anchors, money managers, pundits – even the guy who made me a sandwich today. And yet…as I understand it, we’re not in a recession. As I understand it, a recession involves the RECEDING of the economy – not a stagnant period, not slow growth, but actual measurably negative growth. In fact, the economic definition of a ‘recession’ requires 2 consecutive quarters of negative economic growth.
Which gets me thinking…Why is it that we love to think the sky is falling?