10.24.22 Three Things to Know About Recessions
If the U.S. economy enters a recession, the causes and potential outcome will be hotly debated. At LPL Research, our starting point is always looking at history. This week’s commentary will remind us of three things we know about historical recessions.
1. Technical Definition
First, a recession has an important technical definition that’s different than what many people think. Earlier this year when Gross Domestic Product (GDP) growth was negative, many were under the false impression that two consecutive quarters of negative GDP make a recession. Often that view is a good general approximation but not the techn
... Read more