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I thought you and the other's here had all the answers in your Monday morning quarterbacking ,. it sure seems that way . guess you guys are only there with the answers after the fact
I thought you and the other's here had all the answers in your Monday morning quarterbacking ,. it sure seems that way . guess you guys are only there with the answers after the fact
Nope.
I got no answer for that.
What i think will happen is we'll become like Japan.
Jumping on and off between 1% growth and contraction.
why worry about it when there is nothing you can do about it ? just live your life and forget about this stuff .
like nudging a ship to keep it on course. if and when things occur then adjust to stay on your path .
trying to solve the worlds ill's or playing what if , isn't the answer since you can't control a thing . all you can control is your own life ..
just worry about getting your own life in order and on a successful path . if you don't you will pay the price .
there will always be those who succeed regardless of what happens . you want to be one of those people and not the rest that just complain about things .
what we shouldn't do is waste time even asking or dealing with this question when you don't even have your own life together and on a successful path .
heck , if I was first starting out I would be spending time in forums with successful people seeing what they do or did to get around all the tough economic times .
I certainly wouldn't waste time here complaining to others who are in the same boat and have no plan or path in place to even be successful . ..
as said above , stuff happens , it always did and it always will. deal with it .
Last edited by mathjak107; 07-07-2016 at 06:54 AM..
There's no reason to believe the United States is going to experience a severe recession. A modest one with a few bad quarters? Sure. That's the natural economic cycle and we're already overdue for a modest recession. We don't have the imbalances that triggered 2008. Mortgage requirements are sane again. The banking reform keeps the banks from doing anything that's too crazy. The United States is the safe haven. The messes in Europe and China only make the US stronger.
Recessions are cyclical. Just do nothing. You'll take 30 or 40% losses in the year of the recession, then over the next couple years your investments will get large double digit gains, then by year 3 or 4 it's as if nothing every happened.
Recessions are cyclical. Just do nothing. You'll take 30 or 40% losses in the year of the recession, then over the next couple years your investments will get large double digit gains, then by year 3 or 4 it's as if nothing every happened.
Yep. Recessions are a part of the modern economy. Expecting endless economic growth is bizarre.
Do your long term retirement planning and savings around the fact that recessions exist and will happen every decade or so and there's no issue.
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