Opinions expressed by Forbes Contributors are their own. I am a clinical professor of finance at Kellogg School of Management. For many months, economic arrows have been pointing to a likely ...

The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.

For over a year, we’ve been hearing warnings that the United States was on the verge of falling into a recession. Jamie Dimon, CEO of JPMorgan Chase JPM, is the latest business leader to claim ...

Is there a single word to describe these developments? Yes: “recession.” The crisis was accompanied by recessions in many countries. This pattern is consistent with the historical record. Simultaneous ...