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Nearly every aspect of the economy operates in a modified sine wave.
Bottom line, when things are bad, they aren't as bad as you think. Conversely, your most worried should be when things are good, not bad.
Recessions present excellent investment and purchasing periods. Buy low, sell high. When the economy is going great, that's when it's time to be frightened.
Same old story.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
Internet forums are full of "screaming mimis": lunatics and idiots who think that because governments do not match their ideology 100% then the economy is built on a "house of cards". Ignore the screaming mimis, the basics of any economy is supply and demand. People will always need "stuff" and they will buy said "stuff" from producers. Booms and busts are always temporary in nature. We were told the post 2008 economy was "the new normal". I said no, it is not, people will eventually grow more confident and the economy will start growing again. I think that is happening now.
And when there is a palpable sense that "the new normal" is a booming economy, that's when the time is to be conservative.
Bottom line, when things are bad, they aren't as bad as you think. Conversely, your most worried should be when things are good, not bad.
Recessions present excellent investment and purchasing periods. Buy low, sell high. When the economy is going great, that's when it's time to be frightened.
Same old story.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
Internet forums are full of "screaming mimis": lunatics and idiots who think that because governments do not match their ideology 100% then the economy is built on a "house of cards". Ignore the screaming mimis, the basics of any economy is supply and demand. People will always need "stuff" and they will buy said "stuff" from producers. Booms and busts are always temporary in nature. We were told the post 2008 economy was "the new normal". I said no, it is not, people will eventually grow more confident and the economy will start growing again. I think that is happening now.
And when there is a palpable sense that "the new normal" is a booming economy, that's when the time is to be conservative.
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