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Why non-transitory recession is coming and how to face it as an investor - Vitaliy Katsenelson Contrarian Edge

contrarianedge.com · 1,541 words · saved by 1 readers

Recessions are like forest fires – small ones are healthy for the forest. The recession that is coming could be a big fire.

I am not an economist, but, looking at this picture, it is hard to see how we can avoid a recession. Ironically, we’ve been in a recession most of 2022 – real GDP declined in the first and second quarters. Economists attributed declining GDP to a “transitory” recession caused by an overhang of pandemic-induced supply chain issues. As inflationary pressures squeeze consumers from all directions, they simply will not be able to buy as many widgets as they bought the year before. Demand for widgets will decline; companies will have to readjust their workforce to the realities of new demand and th

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