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by JumpCrisscross
464 days ago
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> There were 5 such drops in 2020, 4 in 2022, and 1 in 2023. Somehow, the nation avoided ruin during those periods Come on, look at your numbers. Recession in 2020 with 5 blips on the monitor. Last quarter we saw negative real GDP Q1 ‘22, 4 blips. 1 blip in ‘23 and none in ‘24 while the economy did so well prices overheated. Now we’re seeing 1 blip in Q1. If we annualise that to 4 blips, it puts us back in the last year in which we had a single quarter with negative real GDP growth. |
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And what the numbers show is that a 10% drop happens on average every 1.2 years and is not something that needs Congress to get involved in every time it happens.
If you can't tolerate 10% drops on a regularly occurring basis, the answer is not to beg Congress for help, it is to invest in something safer with lower returns.