Recessions are inevitable. Like everything else, the economy bumps along through highs and lows, and there's no avoiding it - nobody's figured out how to retire the business cycle.
A little over 25 years ago, there were plenty of Wall Street Wizards telling us everything was different - the old days were dead and gone, and we could count on markets and productivity and all things good being on a permanently upward trend.
Alan Greenspan (Fed Chief) coined the term "Irrational Exuberance", which got him criticized as an old fogey who didn't really get this new e-commerce thing.
Then reality came around and kicked us all in the face - two or three times.
It's not here knocking at the door just yet, but some kind of recession is parked out front, and it's fixin' to head up the sidewalk right soon.
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