Hubris in the financial markets is most apparent when growth is robust and investors ignore the past Recession? What recession? Are U.S. recessions a thing of the past - and if so, how should you shift your investment strategy? An increasing number of the Wall Street analysts I follow are beginning to ask these questions. They do have a point, as illustrated by the chart below: economic recessions in the U.S. have become far less frequent. If we omit the two-month downturn that accompanied the initial COVID-19 lockdown, it has been more than 16 years since the U.S. economy was last in a recession as designated by the ... (full story)