By Matt Benjamin From Baltimore – Lately I’ve been thinking about animal spirits.
That’s the phrase political economist John Maynard Keynes coined to describe the human urge to take positive action, even if the decision to do so isn’t fully rooted in logic or mathematical probabilities.
It’s particularly appropriate right now, and every investor needs to consider it closely.
Why?
Well, as of this week, we are officially in a recession.
The National Bureau of Economic Research (NBER), which officially dates economic expansions and contractions, has declared that U.S. economic activity peaked in February. That peak marks the end of the recent economic expansion – at 128 months, …read more
