SFY - Recessions Are Good
(The Scream - Edvard Munch 1893) - Note, the Economic Depression of 1893
"Recession" is a dirty word. Recessions are a great fear for investors and all governments treat them like a disease that is curable and preventable.
Recession after recession, it seems that the public gives more financial power to global central banks which are deemed "economic doctors" that provide "cures" like lowering interest rates and directly raising the value of financial assets via quantitative easing. Despite their good intentions, evidence suggests these policies actually hurt economic productivity and real wage growth.