Business Cycles Are Difficult … But Healthy
Those of you who read my weekly column regularly know that I’m forever the optimist. That being said, I’m also a realist. I’m also old enough to have lived through several recessions and know that the business cycle we’re now in is a recession — and it’s shaping up to be a bad one. I also know that, just like before, most of us will come out of it. Recessions are to businesses what forest fires are to forests: necessary, evolutionary cycles that are painful, cleansing and, ultimately, beneficial.