Cameron-brooks

Episode 151 – 3 Recession Myths Every Transitioning JMO Should Know

Informações:

Sinopse

Today on the podcast, we tackle 3 recession myths every JMO should know. As I write this post, I am flying from El Paso to Denver for a week-long trip through the Southwest US to meet with Junior Officers preparing for their transitions.  In my one-on-one meetings, officers are asking more questions about the economy. This makes sense with non-stop news about record inflation, the Fed raising interest rates to combat inflation (which will "cool" the economy), and a wildly fluctuating stock market.  The news pundits and some key business leaders are warning that the risk of a recession in the next 12 to 18 months is increasing. With 23 years of experience with Cameron-Brooks, I have experienced several significant events that sent our economy into a recession. These include the Tech Wreck and subsequent 9-11 attacks, the Great Recession of 2008 and 2009 and the Covid recession of 2020.  There have been some other slowdowns during my time, but those are the big ones.  My colleague and fellow Transition Coa