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You have to take all these gloom and doom articles with a grain of salt. And take them as a reminder that all economic booms reverse. Yes, some are right. Yet,
by WheelsAtLarge 8y ago
You have to take all these gloom and doom articles with a grain of salt. And take them as a reminder that all economic booms reverse. Yes, some are right. Yet, most are not. Question is which and when? We can't know and won't know until after the next financial disaster happens. Even as we go through one we won't know until months after it starts.
The last recession started at the end of 2007 yet we didn't really start feeling it until well into 2008.
Financial collapses are more like earthquakes. You never know when they will happen. But by the time they happen, it's too late to get ready so you better be ready to avoid a major disaster beforehand.