Module 3 Extra Credit Posts for Fall 2025
October 17 There is a lot of casual talk about recessions, and the U.S. being in a recession, or going into a recession. First off, a lot of this is nonsense. And it tends to be nonsense whether or not the economy is in bad shape or not. Some people just say this stuff to get clicks. Secondly, a lot of people simply don't know. But they may just say "the economy is in recession" or "we're going into recession". There's nothing wrong with having opinions and voicing them. Third, saying negative, pessimistic, things is just something people do. Bad news sells. Bad gossip gets a listen. Here's a link to polling information showing that for pretty much all of your lifetime people have been saying the economy isn't very good . You know what? If something goes on for 20 years, it's normal, not bad. Having said all of those, remember what you've learned about recessions: only about 1/4 of quarters are recessions, and those tend to clump toget...