Life has its ups and downs, the economy is cyclical (especially technology's boom and bust cycles), business is feast or famine, what goes around comes around. The older you get, the more you realize that everything about life is a roller-coaster.
This week began with a global market sell-off over fears of an economic recession hitting America. For the record, I don't agree that we're heading for recession. On the other hand, it's not reasonable to believe in a perpetual bull market. That's just not the way it is. What goes up must come down. Maybe not all the way down, but somewhat.
According to Wikipedia (so it must be right), the macroeconomic definition of recession is declining gross domestic product (GDP) for two successive quarters. But these days, the term recession is associated more with declining economic factors, like corporate earnings and employment, for at least a few months.… Read more