Is Recession Inevitable?

If the wave of layoffs continues, particularly among high-income earners, history says it's more than likely

If you just looked at the stock market, you might think the threat of recession was gone and forgotten. Since hitting a low on Apr. 4, the Standard & Poor's 500-stock index is up 14%. One reason for the renewed confidence, of course, is the better-than-expected first-quarter economic data released on Apr. 27, which quelled fears of a recession.

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