July 16, 2004
News & Opinion: Beating The Business Cycle - What it means to you
The main message that Im trying to give is that recessions are not simply the result of unforeseeable shocks, but rather part and parcel of free-market economies. Most people do believe that recessions are not forecastable, and therefore they dont even try. I think this is a big mistake. Most major bear markets are associated with recession, as are many of the most difficult times in the job market. Having a clue as to the risk of recession in the near-term can help people make much better decisions in both their professional and personal lives. I recently wrote an article that speaks to this issue for Optimize magazine.