re: Your 401K is getting destroyed

I seen this shite in 2008. Guys who were planning on retiring at the end of 2008 all of a sudden had their retirement down 35-40%.


Post WW2 Recessions
- Nov 1948 - Oct 1949
- 1953
- 1958
- 1960-61
- 1969-70
- 1973-75
- 1980
- 1981-82
- Early 1990
- Early 2000
- Great Recession
- Covid

Im no economy expert, but I don't believe a consumer economy is good long term. We create very little, when shite goes wrong and people all of a sudden don't have money to spend or prices spike up, that trickles down.

I think businesses like walmart hurt the economy because it killed local family businesses and without going into detail I think places like walmart and other big box stores have played a role in instability.