We’ve gotten a lot of questions recently about a hypothetical looming recession. The stock market has taken a bruising; bellwether companies are stumbling. Do such omens and portents mean that another recession on its way?
The good news is, we can answer this one very easily.
Yes. Another recession is coming.
We know this with 100% certainty.
How?
The same way we know with 100% certainty that Piggy and I will be dead within the next hundred years. It is in the nature of a living being to die, just as it is in the nature of economies to grow and contract. The sun rises; the sun falls. The tides go in; the tides go out. It’s just the way things are.
Sounds kinda shitty, right? It’s possible that, someday far in the future, someone will devise some new system that will smooth out or even eliminate these cycles. Maybe the nature of goods and services will change so fundamentally that economies will transform in ways we can’t even imagine. But that’s Phillip K. Dick stuff—innovations that live so far in a hypothetical future that they’re still science fiction. You should plan to endure these market cycles throughout your lifetime.
And yes, there are lots of things you can do to make yourself more prepared. Let’s go through them.
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