BSGCORP
02-11-2008, 04:36 PM
In macroeconomics, a recession is a decline in a country's gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year.
Since 1980, there have been only four recessions. The first part was in 1980 for 6 months then the next year followed up with a 16 month recession. It seems like we never really came out of it, but by the definition of a recession that would be incorrect. The most recent was in 2001 lasting 8 months. It seems as though every decade we show signs of a declining market and start to prepare ourselves for whats to come. Our current stock market warriors have been able to weather the storms time and time again. Some with the infamous garbage broker words of diversify, and others off past experiences from waves to ride and which way to move when needed. In the right sectors you can keep your boat afloat or even catch a whale. If you get caught in the wrong industry you can find yourselves on the rocks.
Here is why I believe we may be approaching the longest recession yet!........(drum roll)..... BABY BOOMERS-a person born between 1946 and 1964. They have hit 60 and retirement/social security is what comes next. Mutual funds are going to be sold, and simple math tells you that when more people are selling then buying there's a problem. More specifically an 18 year problem that will begin its rise in 2010 and peak around 2016.
So what is the next answer, the next step, the next gamble to take if we see the market point south????? diversify lol, cash out, gold/silver, natural resources? This is a real problem, and if you don't have a crystal ball, or your own psychic, then maybe its time to do your research on whats to come. If you don't have an answer, looking off your friends paper might not be the best idea. It's possible that he got his answer from a so called financial advisor with a silver tongue and a bronze bank account. The best (not the easiest) idea IMO would be to do your research and come up with an answer that makes sense from start to finish....Crossing your fingers doesn't hurt either.
Since 1980, there have been only four recessions. The first part was in 1980 for 6 months then the next year followed up with a 16 month recession. It seems like we never really came out of it, but by the definition of a recession that would be incorrect. The most recent was in 2001 lasting 8 months. It seems as though every decade we show signs of a declining market and start to prepare ourselves for whats to come. Our current stock market warriors have been able to weather the storms time and time again. Some with the infamous garbage broker words of diversify, and others off past experiences from waves to ride and which way to move when needed. In the right sectors you can keep your boat afloat or even catch a whale. If you get caught in the wrong industry you can find yourselves on the rocks.
Here is why I believe we may be approaching the longest recession yet!........(drum roll)..... BABY BOOMERS-a person born between 1946 and 1964. They have hit 60 and retirement/social security is what comes next. Mutual funds are going to be sold, and simple math tells you that when more people are selling then buying there's a problem. More specifically an 18 year problem that will begin its rise in 2010 and peak around 2016.
So what is the next answer, the next step, the next gamble to take if we see the market point south????? diversify lol, cash out, gold/silver, natural resources? This is a real problem, and if you don't have a crystal ball, or your own psychic, then maybe its time to do your research on whats to come. If you don't have an answer, looking off your friends paper might not be the best idea. It's possible that he got his answer from a so called financial advisor with a silver tongue and a bronze bank account. The best (not the easiest) idea IMO would be to do your research and come up with an answer that makes sense from start to finish....Crossing your fingers doesn't hurt either.