The recession of 2008 and its aftermath reordered the landscape across industries. In banking, the most obvious effect was to tighten the rules on mortgage lending after passage of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.
There’s a reason “Shark Tank” venture capitalist Kevin O’Leary, aka Mr. Wonderful, asks entrepreneurs about their numbers immediately after pitching their product and business model product, says certified public accountant Ahamadou Alainchar Bocar.
Since the end of the Great Recession in 2009 and the long recovery period that followed, many economic experts have been anticipating the next downturn. While economists say predicting it is complicated, with trade tensions with China causing concern, other factors, such as the unemployment rate and economic output, have been reported to be healthy.