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It's Official - Our Recession Began in February

Wealth Inequality
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EDITOR NOTE: After 128 months of expansion--the longest in the US since 1854--it’s now official that expansion had ended in February. We’re in recession. How long will this recession last, and how deep might it go? Nobody knows. But did you hedge your wealth and investments? We’ve been talking about that for years. Creating a portfolio to weather the storm was relatively easy to do. Question is, did you do it?

The record-long U.S. expansion ended in February, according to the academic panel that serves as the arbiter of America's business cycles, putting an official date on the start of the coronavirus-induced recession.

Read the full article on Bloomberg


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