3 ms·
bubbles shake out all the weak hands so when it is over everyone left standing hits it big. We barely made it through 2009, but we have more in sales in 3 month
by triviatise 16y ago
bubbles shake out all the weak hands so when it is over everyone left standing hits it big. We barely made it through 2009, but we have more in sales in 3 months than all of last year.
It is difficult to internalize how hard you need to work to hoard cash before a recession, especially when times seem great and money is easy. Even after surviving the 2001 and 2009 recessions it is easy to get sloppy when you have a lot of money in the bank account. We knew the 2009 recession was coming in 2007 and it was still dicey.
Also I dont think we are near another recession, this bubble will have some time to play out.