I think we've reached the point where politicians shouldn't pretend that they want to prevent recessions. It's like with day trading: once you realize that vol

I think we've reached the point where politicians shouldn't pretend that they want to prevent recessions. It's like with day trading: once you realize that volatility is all that matters, it explains why key players are in favor of recessions and even actively work to cause them. Some of the biggest fortunes in history started when someone had a little extra money to buy undervalued revenue streams when the economy was down. So yes, there will be a recession, but it won't be triggered by fundamentals. It will be due to things like politicians politicizing mask wearing. And killing the financial regulations that smooth out economic highs and lows. And removing the social safety nets that help people get back on their feet again by avoiding long-term unemployment. This basically all comes down to spite. The powers that be can't stand that FDR instituted the New Deal, starting with the Glass-Steagall Act in 1933, resulting in almost 70 years of relatively stable economic growth. So they repealed it in 1999 with the Gramm–Leach–Bliley Act. That along with telecom deregulation and countless other things put us back on 10 year boom-bust cycles so that the elite could amass fortunes again. We've already had the dot bomb, housing bubble pop and now the looming COVID-19 recession (caused by the Trump administration's hands-off approach to governing) in just the 20 years since I graduated college. This is so not the future I signed up for. My finance friends think it's great. But it's pretty much the worst possible outcome for makers. Which is why I consider the 2000s and 2010s to be lost decades, with another one looming.