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- Bear market
- Correction
- Contraction
- Recession
These are all negative terms for stock market performance, stock prices and economic trends. Stock market performance and stock prices are a more short term focus in general. Thinks monthly and quarterly performance. While economic performance and trends are longer term measures. Years and decades are used to measure economic expansions and recessions.
February 2020 will probably be the high mark for the latest expansion that started in 2009. The longest economic expansion in history makes us forget what a recession is, what it looks and feels like. Depression is like a forgotten expression. But it is used to describe a widespread and long term economic downturn.
The economic struggles of most people is very dire. The stress affects behaviors and lives. We tune out and ignore the struggles of the poor. But that doesn’t make it go away.
Recessions last for 12 to 18 months. The Great Depression lasted over 40 months. I am totally guessing here, but I will say the current downturn will last much longer than the normal 12 to 18 months. Economic monetary policy has been mismanaged and is unsustainable. It’s literally killing people.