CumminsPusher
Just a Honda doing Honda things.
Lifetime Member
Supporting Member
Club Contributor
We need that!
Well f***,“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
She learned from the bestView attachment 124366
Damage report. Ang tipped the Pioneer into a stump and blew out the driver door. Good thing I know someone who builds them lol. Good thing I’m not the only one hard on s***!
America's team baby! Woot Woot!
LSWho?View attachment 124395
America's team baby! Woot Woot!
Some homeless bong buddy!That your boyfriend you were telling me about?
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 checked in @ Kearny, AZ.
And is listening to Chris Stapleton...
Amazon music for me.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.
Sure was and still is. I’m picking him up tomorrow after Easter brunch and taking him to my cabin to hang out while I do some Turkey huntingThose are the men legends are made of! Sounds like a tough dude!
RightShe broke her ankle, surgery on Monday. Stupid school sports again, need to keep her on a dirtbike where she’s safer!
Dave's wife dumped his pioneer. But all good!Dayum... made it home from Mexeeeko, but I'm gonna be pissin Tequila for weeks!
Made it home at 1:30 AM this morning. At work by 8:00. That sucked.
I miss anything good?
I don't see any shenanigans only a fire!