1. Recessions are over-rated.
There is a business cycle. It goes up and it goes down. If there are two quarters of negative growth, then that is a recessions.
There are several graphics on the internet. Recessions just do not happen often. In China, there has not been one in 40 or more years. In America, there only been a hand full since World War 2.
When a recession does hit, the important thing to do is not get caught, and wait. Eventually the stimulus will cause the stock market to rise, so be prepared to buy. Business owners need to hang on and look for opportunities when things turn better in the following months.
There is always a 6 month business cycle they say. If there is a recession, look ahead 6 months and think about that, perhaps make a plan.
2. That is not important, the recession itself. What is important is to access risk.
But ... to access risk accurately ... you must know where the real threats are ...
Ever listen to the gold bugs? Does not matter what the price of gold is or where it had been and where it is going, their story is always the same. The paranoia got to them.
Best thing to do, is listen to rich people. They have the line to the best information.
I am not rich, but it seems to me this is what they are saying.
The USA is printing money, like industrial printing. That always is bad.
The USA is printing money, but that is deflationary, because the free credit is creating zombie company that earn nothing, but the zombie company must still pay back their debts, so all the printed money just goes to the bankers and debt holder eventually.
The risk of inflation is low. The risk the to USD depreciating is high.
The western economies probably be stagnant.
The stock market should go up with all the money printing and no inflation. The stock market is no longer a broad market of stocks. Only a few stocks move the entire market (long story).
You get the picture.
Now there is another risk, which is the pandemic. But that seems just like something to slow down growth in the real economy but not the high tech economy. See where the risk is there and invest accordingly. No secret the FANNG stocks are doing well along with the Star Market in China.
Geopolitical risks, overstated. More like geopolitical opportunity. They ban Huawei. All that means 5G comes slower to America or Canada. That means the telephone company, yielding a dividend of 4% (when rates are negative) seem like sound investment.
Bullshit examples of accessing risk.
This is the important part.
Everyone should get a fucking education first.
We need an education. For those of us who are not as smart, it is not fair but that is life some are born with a brain some are not, just try to be friends with smart people who can help.
Without an education, or friends that help, all this bullshit is completely bullshit that is not understood. Those people overwhelmed by bullshit.
Get an education. Know what fact is important (Art of War don't get yo' ass tricked), have an idea what the long term trends in the world right now are, and really important to listen to rich people.
That is why the rich stay rich, and poor usually don't have a chance.
BLM!
