Talk of The Villages Florida - View Single Post - Feelings on pending recession?
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Old 08-17-2019, 07:34 AM
GrumpyOldMan GrumpyOldMan is offline
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Quote:
Originally Posted by Love2Swim View Post
We spoke with our financial advisor yesterday, and he said its about a 50-50 chance of recession based on the economic factors in evidence right now, and it may be down the road a year or two not necessarily tomorrow.
Exactly, While ours says maybe 52/48 chance and not tomorrow but soon - year or so.

As pointed out, it is time, about 10 years from the last one and the rate inversion.

Cash is a good thing, and we are new to this, so the hard part is to keep repeating "Think long term"...