How do you know a recession is over?
How do you know when the recession has ended? It is something that the media, economists and bankers tell you about, but on an individual basis you can’t see it, feel it or touch it. The economists and governments seem to have a definition that relates to how many quarters productivity figures show a upward or downward trend, but us mere mortals can only take their word for it. Confidence is affected by what we are told, so if all the media tell you is that things are bad, or worse tan they have ever been , you are likely to become extremely cautious and stop spending money, on those purchases you would “like” to make. We still carry on buying what we “need” to buy, such as food, petrol, and the essentials of life.
The stock markets seem to be telling us that things are getting better, as the indices are steadily climbing back up. That means people and institutions are putting money back into business via share purchases.
If anyone has a view on their take of recession and whether they see positive signs , please share it with us
