I am happy we kept our AA strong in equities. Helps us personally and we can decide whether to keep the AA with some comfort in the near future.
But really! Where does that leave us? I can be optimistic today...be in the moment. I have to keep looking at the big picture though. It's upside down. Does not make sense. Most of my posts fizzle into oblivion, but I felt I had to make this statement. This article published April 22, 2020 makes my world spin. The more I look at our portfolio the more uncomfortable I get.
"So where does that leave us? Likely in a recession, even if we can’t officially call it one yet. “It’s almost impossible to imagine that we’re not already in a recession,” Furman says. “We won’t be able to call it until we see all the data later on but almost certainly the recession started in the month of March.” "
"The economy, simply put, just isn’t behaving normally, so that’s why economists and financial experts tend to use the word recession now, says Joseph Stiglitz, a Nobel Prize-winning economist and professor at Columbia University. “Whether you call it a technical recession in the sense of two quarters, we are in a deep, deep downturn.”
"Stiglitz predicts the U.S. will have six months of negative growth. “That’s a little bit of what you might say, a risky forecast, an uncertain forecast, because we don’t know how long the pandemic will be with us.”
Yet it’s the uncertainty that’s leading many to worry about the full economic impact of the coronavirus pandemic. Some experts even fear that the U.S. is heading into a full-blown depression."
https://www.cnbc.com/2020/04/22/us-economy-not-in-depression-yet.html
But really! Where does that leave us? I can be optimistic today...be in the moment. I have to keep looking at the big picture though. It's upside down. Does not make sense. Most of my posts fizzle into oblivion, but I felt I had to make this statement. This article published April 22, 2020 makes my world spin. The more I look at our portfolio the more uncomfortable I get.
"So where does that leave us? Likely in a recession, even if we can’t officially call it one yet. “It’s almost impossible to imagine that we’re not already in a recession,” Furman says. “We won’t be able to call it until we see all the data later on but almost certainly the recession started in the month of March.” "
"The economy, simply put, just isn’t behaving normally, so that’s why economists and financial experts tend to use the word recession now, says Joseph Stiglitz, a Nobel Prize-winning economist and professor at Columbia University. “Whether you call it a technical recession in the sense of two quarters, we are in a deep, deep downturn.”
"Stiglitz predicts the U.S. will have six months of negative growth. “That’s a little bit of what you might say, a risky forecast, an uncertain forecast, because we don’t know how long the pandemic will be with us.”
Yet it’s the uncertainty that’s leading many to worry about the full economic impact of the coronavirus pandemic. Some experts even fear that the U.S. is heading into a full-blown depression."
https://www.cnbc.com/2020/04/22/us-economy-not-in-depression-yet.html