How Does a Recession Actually Start?

Recessions are a process and what past episodes all have in common is one key ingredient. Rather, one element that comes up missing every time. This critical factor doesn't just end up being the difference between downturn and full-blown contraction, it also turns a recession into a depression. And we've got the data for it plus how 2024 fits into the pattern. Eurodollar University's Money & Macro AnalysisRobert Shimer Reassessing the Ins and Outs of Unemploymenthttps://home.uchicago.edu/shimer/wp/reassess.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU