Quote:
Originally Posted by GordonJ
What about the stock market? Are in for another crash? Do you care?
What will 2019 bring our way? Well, more of the same, for sure, and some surprises. As noted, no one is suggesting me for psychic of the year.
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Hi Gordon,
I believe we are on the brink of a world recession.
The Trump tax stimulus was like a short-term jolt, it stimulated things... for a while. Companies spent their tax savings on buying back their stock - which made the stock prices go higher. But it was a short-term thing...
The trade war is going to drive the world into recession. It's true that China is hurting the most (as intended), but everyone will hurt to some degree...
I don't believe the trade war issues will be resolved.
A recession could be bad for your 401(k) (retirement plan).
But also, recessions mean new opportunities. As I mentioned elsewhere, I know one person who's positively gleeful about the prospect of a recession. A recession, to him, means he makes more money than before! So he's not worried at all...
When you know how to do it, there's no need to worry either! There are businesses and activities that make MORE money in the bad times, than they do in the good...!
Best wishes,
Dien