Stagflation Redux: Comparing the 1970s Energy Crisis to Today’s US Recession for a Contrarian Playbook While headlines paint a bleak picture, the 1970s energy crisis teaches us that a recession can coexist with soaring prices, and that, contrary to mainstream wisdom, the path to recovery may lie in embracing…
What Makes a Recession a Recession, and Why Is the Public Ignoring It? Simply put, a recession is a sudden, sustained drop in economic activity that spreads across the economy, lasts longer than a few months, and is visible in real-time data like GDP, employment, and manufacturing output. But mainstream…
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