Nine Shift is predicting we are in a recession, not a depression. And that the recession will last around 12 months.
I'll be making the prediction in person this week at the big LERN conference in San Francisco, before 1,000 attendees.
Ignore others who keep saying "the worst since 1929." This is not 1929. This is 1908.
The Bankers' Panic of 100 years ago got resolved and the stock market rebounded.
One stock market expert says actually the stock market has risen an average of 30% between years ending in 8 and 9.
But the real test: ask anyone who was alive in 1929. She or he will tell you this is no depression.
I asked my mother, you can ask yours. Photo: My mother in 1929.
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