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re: Forbes: Inflation Will Lead Inexecrably To Recession
Posted on 5/23/22 at 10:03 am to member12
Posted on 5/23/22 at 10:03 am to member12
Is this what 2008 felt like? Obviously the situation is different, but just in terms of anxiety? I'm not even heavy in the market other than my 401k, and if history is any indicator that will rebound, but the uncertainty of what will happen is making me anxious.
There is nothing I can do, just be prepared for the worst. We stocked up with about a months worth of food, but that's all our freezer can hold. I've been thinking about investing in a deep freeze to hold 4-6 months worth of meat and frozen veg.
I'm tired of worrying about this already. Nothing can be done by any of us except preparation for the storm.
There is nothing I can do, just be prepared for the worst. We stocked up with about a months worth of food, but that's all our freezer can hold. I've been thinking about investing in a deep freeze to hold 4-6 months worth of meat and frozen veg.
I'm tired of worrying about this already. Nothing can be done by any of us except preparation for the storm.
2
Posted on 5/23/22 at 10:32 am to Odysseus32
quote:
Is this what 2008 felt like? Obviously the situation is different, but just in terms of anxiety? I'm not even heavy in the market other than my 401k, and if history is any indicator that will rebound, but the uncertainty of what will happen is making me anxious.
No
2008 was a paradigm shift/sea change stuff. This everyone sees coming and anticipates more or less what it'll look like. Also, it's occurring in the aftermath of riots, election hijinks, unprecedented pandemic reactions, etc. People are completely used to insanity at this point, what's a moderate recession when people were prevented by law from going to church a few months ago?
Posted on 5/23/22 at 11:31 am to Odysseus32
quote:
Is this what 2008 felt like?
Feels more like the 70s, except real unemployment went sky high in the late 70's/early 80s. In Bossier it was over 20%.
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