H.F.A.W.H.A. meeting

CumminsPusher

CumminsPusher

Just a Honda doing Honda things.
Lifetime Member
Supporting Member
Club Contributor
Oct 14, 2015
42,064
322,690
113
Washington/Idaho
Ownership

  1. Other Brand

  2. 1000-5

  3. Talon X LV
@Tigermark
D814727F 8732 4663 BD6E 2880E940C5F0
 
Tigermark

Tigermark

Outside looking in.
Moderator
Lifetime Member
Supporting Member
“Recession is coming. We can debate the timing, but the economy will turn decisively downward at some point. My own analysis, looking at the data available on April 4, says recession isn’t likely this year but unfortunately looks very probable in 2020.

In addition to when it will happen, there’s also the question of how deep the next recession will be. A shallow downturn wouldn’t be fun, but compared to the last one might feel relatively refreshing.

Alas, I don’t think we will be that lucky. I think the opposite: The next recession will be deeper, longer and far more painful to many more people than your average recession, and could persist as long as the last one. That is because the next recession in all likelihood will be truly global. If you sailed through 2007–2009 without your lifestyle changing, I wouldn’t assume it will happen that way again.

Ironically, but not surprisingly, it will be the response to the last recession that makes the next one so much worse. Part of the reason is that investors once again “learned” that if you simply stay the course, the market will get you back to where you were and more. The massive move into low-fee index investing instead of active management will make the next recession more painful.

You must understand that 75% of today’s wealth is in the hands of retirees and pre-retirees. Most have a significant portion of their money in index funds, and they’re going to see significant erosion of their retirement assets. I’m thinking especially of those depending on public pensions, which are heavily weighted to a form of index investing. Public pensions are already significantly underfunded (in general) and a bear market will make them even more so. It will be painful and I can assure you it will cause a lot of political angst.” – John Mauldin
Well f***,

You better hurry up and buy this 1000 from me and have some fun!
 
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Mopower58

Mopower58

Unburdened by what has been!
Lifetime Member
Supporting Member
Aug 10, 2017
79,891
709,238
113
Crystal Springs,Ms.
Ownership

  1. 1000-3
DG Rider checked in @ Kearny, AZ.

And is listening to Chris Stapleton...
Chris is good,listening to Pandora,The Steel Woods channel and he is on there with The Steel Drivers and The Jompson Brothers. He wrote,played and sang in those two groups before going solo.
 
DG Rider

DG Rider

Member: Triple Clutch Club
Lifetime Member
Aug 14, 2013
9,450
43,070
113
Casa Grande, AZ
Ownership

  1. 700-2
Chris is good,listening to Pandora,The Steel Woods channel and he is on there with The Steel Drivers and The Jompson Brothers. He wrote,played and sang in those two groups before going solo.
Amazon music for me.
Didn't realize this was an old David Allen Coe song until I tried to find it. What's old is new again. But...what's good is always good.
 
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