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Time to Start Preparing for a Recession Is Now, Rob Arnott Says

  • ‘Recessions are usually created, they don’t happen naturally’
  • Business owners should give thought to decreasing spending now
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Powell Says US Recession Is 'Certainly a Possibility'
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The Federal Reserve was in denial about inflation and moved too slowly in trying to quell rising prices. That’s now put it on a trajectory to create a recession, if it hasn’t already done so.

That’s according to Rob Arnott and Campbell Harvey at Research Affiliates, who said in a new paper that there’s no reason the economy needs to see a downturn. And yet, one may already be underway.