Do I think we’re headed for an economic downturn?
Yes. Absolutely. Definitely.
Why do I say that?
And for that matter, why would I say such a thing when it’s usually my goal to offer you mostly positive stuff when you visit here?
I say yes, we absolutely, definitely are headed for an economic downturn. And it could be rough.
I say that with such confidence because that’s what economies do. They go through periods of prosperity, recession, depression, and recovery.
You can take that to the bank, friends.
When can we expect the next downturn? How bad will it be? How long will it last?
Beats me. Knowing how economies work and what to expect is one thing. Knowing all the particulars and specifics is something else. And I’ll also say, I’ve read the works of many authors and trend spotters over the years to it’s pretty clear that nobody knows nothin’ for sure when it comes to timing predictions in the economy.
You may not be able to time predictions exactly, but knowing that what goes up also comes down can help you make better decisions in terms of planning ahead. Store up a little something for the winter, in other words.
That way, you don’t have to worry so much about the economy, you can focus on your economy.
Our old friend SWOT the PEST may be of use to you in that regard.
It’s a recession when your neighbor loses his job; it’s a depression when you lose yours.” – Harry S. Truman