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Mar 31 2020

A Recession Without A Purpose?

  • Mar 31, 2020

The U.S. economy is in free-fall, perhaps headed for its deepest recession of the post-war era. Typically, recessions are necessary to correct overindulgences that build up during an expansion—for example, restoring liquidity, improving savings, purging bad debt, and realigning exorbitant risks. In the economic recovery that just ended, however, there were very few excesses or problems that needed to be addressed. 

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James Paulsen

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James Paulsen / Chief Investment Strategist

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