Stop in for a cup of coffee
Moot, not mute.
And no, there won't be. We just came out of the "Great Recession" and another one of that magnitude isn't on the horizon. Even that one wasn't anything like the "great depression" was. A well diversified portfolio and intelligent planning can weather either of those. The economy goes on...even in those times.
yeah very true. Which is why I set my 401K up so diverse, I'm also holding some back in a guaranteed fund, low interest gain for now but I think we're nearing the ceiling of the current run and a 5-10% pull back is looming. it'll go back up afterwards but when it bottoms, is when I move from the guaranteed fund into the others.
Nope...more.
Deflation during the Great Depression made the value of the dollar higher compared to the cost of goods. But you needed to have cash already since wages fell rapidly too. Investments bottomed out in the same fashion, but those with liquid cash (on-hand or in banks that didn't fail) found their reserves worth more during that period.
Very true, but this last reccession, we simply printed trillions of dollars to pull us out faster. I think we're gonna pay the price for that 10 fold in the future. Plus with states mismanaging their own budgets, states like Illinois for example, its a recipe for disaster more so than ever before.
Lots of money was made in the last "Great Recession". LOTS!
Cash was king and real estate was dirt cheap, If you had the cash or resources to buy it up.
Yeah, I'm still kicking myself for not buying the house I'd looked at during the midst of that. Could have had a house valued at 160k for just 34K, there were so many houses for sale around us as we neared 18% unemployment locally that it killed the real estate market.
Hey folks.
Say
@dukeboy_318, I've missed a few hundred pages over the last weeks, how's your new job working out and what came of that dizzy spell you had? You alright now?
They;re still trying to determine a cause to the seizure back in May. So far, all CT scans, MRI's, and other tests are coming back perfectly normal. They've tried twice now to purposely induce a siezure but failed both times. So they've ruled out epilepsy, diabetes, trauma, allergies, cancer, heart disease and several other potential causes.
I have since injured my back and have a lumber tear in my right side of my back i'm dealing with
You get a boner in a helicopter??? :poke:
In a fully armed Apache gun ship..... wouldn't you?!
He's having back spasms from what I remember... slowly healing, some days are better for him than others when it flares up...
pretty much
That sucks too. Well, not the healing part, obviously.
Thanks and yeah it does. Its actually been a fairly decent week thus far, hoping it continues to heal.