In the last Whiteboard Series Video we covered the inverted yield curve and why everyone is talking about if it happens–the last nine inverted curves have led to a recession. In this episode, we take a look at the business cycle as a precursor to talking about recessions in the next video. I think it is important to understand that our economy moves through a business cycle and part of the business cycle is a recession; while they may not be the most enjoyable part of the cycle they are normal.
Hopefully, after this video you’ll have a better understanding of the business cycle, the phases that make it up and will be ready for the video next week.
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