winter is coming, what is your contingency plan
My contention is that economic winter is upon us.
What are your plans?
I'm stockpiling cash, exiting investments.
You guys?
My contention is that economic winter is upon us.
What are your plans?
I'm stockpiling cash, exiting investments.
You guys?
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similar, increasing cash and reducing exposure. consumer is pretty maxed imo. Consumer debt expected to hit 4 trillion a new record by end of this year. its only a matter of time before they have to begin paying back debt instead of going out and spending more which will slow earnings. . imo.
US GDP numbers are poor - no matter what Trump spins. 4.1% growth, but 0.6 was China buying soybeans in anticipation of trade war, and 0.8 from increased federal spending and tax break. That makes for dismal numbers out of USA. China's numbers are worse as the economy slows. It's time to conserve cash.
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