This episode begins with a recap of the first five episodes of the Podcast and encourages all listeners to stay safe / prioritize self preservation during the Coronavirus pandemic.It then goes on to introduce the concept of economic cycles and briefly describe the three major phases (recovery, expansion and contraction / downturn), explaining that these three major phases are often divided into more phases in finance and economics texts.The most important point for investors to take from this episode is that after every major downturn, the economy, including stock markets, almost always bounce back, with a few exceptions (e.g., the Japanese market crash of the 1990s).
Reach out to me on any social media platform with your questions and comments and check out my finance and economics blog on https://nosaugiagbe.blogspot.com/describe the and go into self-preser In this episode
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