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Be wary of anyone making firm statements about the future of anything. This article doesn’t do that. This article is merely drawing similarities with past even
by voisin 4y ago
Be wary of anyone making firm statements about the future of anything. This article doesn’t do that.
This article is merely drawing similarities with past events and concludes:
> First, we need to see the economy slow down and inflation slow down. We need to see stocks bottom out and hang out there for a while. And we need to be patient. None of this is going to happen fast.
This seems reasonable. Wait and see based on variables that were important in the only comparable period in recent times.
- starkd 4y agoThe article may be conflating inflation with economic growth though, hoping that inflation comes under control merely by slowing down the economy.
- abhayhegde 4y ago> Be wary of anyone making firm statements about the future of anything. This article doesn’t do that. Although the article does not state anything firmly, the last line of the article, as quoted below, is still an indication it predicts something: > I would be planning to ride this thing out for at least eighteen months or more.
- ryanSrich 4y agoEh, not really. Having a plan to ride it out if things get bad is never a terrible idea. Personally you should have a rainy day fund that can sustain you and your family for 12 months. You should have the same as a business, but that fund should really be like 24 months instead of 12.
- deleted 4y ago[deleted]