In the past, returns had to be higher because you didn't have a back stop like we have right now. But i think when you look at the risk taking between baby boober generation in jenas and then millennials in genz, i think the risk appetite thing is the most interesting aspect of this to me. It's hard to place these buckets and people in terms of legenzi and millennials,. So trying to bucket us together as is kind of difficult. A lot of the economy, in the markets and everything, i've always liked to think in terms of numbers, but a lot of it is just squishier than that.
#333: In the 1890s and early 1900’s, we had recessions every two years.
From 2009 to 2020, we enjoyed an 11-year bull run, the longest bull run in history. And when we finally had a recession, it lasted only two months. It was the shortest recession in U.S. history.
The duration between recessions is growing longer (these days, we average 10 years between recessions, as opposed to two years at the turn of the previous century).
And when recessions strike, we recover faster. The average length of recessions is growing shorter.
What does this mean? If we project these trends into the future, are we bound for the end of recessions?
That’s the question that kicks off this discussion with Ben Carlson, Director of Institutional Asset Management at Ritzhold Wealth Management and the host of the Animal Spirits podcast.
For more information, visit the show notes at https://affordanything.com/episode333
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