Rolling Recession Adds Up to Growth Recession

According to Ed Yardeni, the US economy is doing well even though it has been in a “rolling recession,” hitting different industries at different times, since the start of 2022. So rather than a hard landing, a “rolling recession” provides a soft landing, aka a “growth recession,” and, potentially, no…

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Understanding CECL

Cushioning for Losses1 Current Expected Credit Loss (CECL) was developed in response to 2008 financial crisis, when bank balance sheets looked rosy despite looming losses. CECL requires businesses to look to the future and own up to potential future losses and set aside reserves to cover those losses when they have…

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