3 ms·

Peace of mind for the next once-in-a-lifetime economic downturn can’t be beat, that’s for sure.

• no_wizard 4y ago
  of which, I've experienced 3 since 2007. - Housing Down Turn - Start Of Pandemic Downturn (not everything was a rocket ship) - Post Pandemic Downturn Not so once in a lifetime, it seems. EDIT: if I include what I witnessed with my parents, I'd include the 90s / early 2000s tech bubble burst in this, which would make it 4
  • foepys 4y ago
    GP made a joke ;) Millennials and GenZ have been getting told this "once in a lifetime" story for years now. It's the same with all these natural disasters that apparently only happen once in a century every few years.
  • NemoNobody 4y ago
    That's called Capitalism. The Economic system we've built our entire society upon breaks every 7-10 years - that's totally normal, but sometimes it breaks more than expected - as you stated, also not very rare. Plus it requires 3% gains each year forever - which is obviously impossible. I'm just over the whole thing really.
    • ac29 4y ago
      > Plus it requires 3% gains each year forever - which is obviously impossible. You can buy 30 year Treasury bonds that pay well over 3% (the market rate was 3.88% yesterday). 30 years isnt forever, but its a substantial portion of a human lifetime. For those worried about inflation, 30 year TIPS are paying 1.54% real (inflation + 1.54%).