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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.
All these responses are solely from the investment perspective. If the recession causes one to lose their job, house, or go significantly into debt then it can have a long term effect on that person's financial well being.
Most recessions are the product of credit tightening, either intentional by the Fed to cool an overheated economy or due to market crises. Occasionally they are caused due to swings in the inventory cycle or people not buying as a result of inflation.
I'm no economist, but unless Brexit triggers a world crisis, it's hard to see any of the other triggers coming into play. Anyway, as others have noted, recessions are part of life.
We'll do what we've always done; evolve and adapt.
S**t happens. Get used to it.
I understand your statement and have made same comments before but....
If you're not part of the solution you are then A PART OF THE PROBLEM!
We need to do whatever it is we can do to stop this sort of inappropriate actions by those we elect and NO LONGER ELECT THEM...
it really is a silly thread to begin with . there is no answer and certainly not one worth spending our time even thinking about since we can't control things anyway .
Recessions are an ordinary part of the economic cycle. People who save for a rainy day have little to worry about. Companies that are capable of hunkering down and weathering soft economic times are better and stronger for it.
There are many more important things to be concerned about. Recessions have been happening long before any of us were around, and they will continue to happen when the conditions are right for it.
Location: Was Midvalley Oregon; Now Eastside Seattle area
13,073 posts, read 7,515,583 times
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We?
I know what I'm going to do and that is all that I can control.
Retired. 66/69. LTCi, no appreciable debts. Own. 4 Buckets: Early SS + pension; GLWB deferred annuities; Discretionary accts; Rental Condo. Can live well on 2 buckets.
Can't speak for anyone else, and you can do whatever you want (looks like you've decided to panic), but I plan to remain very calm and snap up bargains like last time.
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