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1/ Lao Tzu once recalled: "Those who have knowledge, don't predict. Those who predict, don't have knowledge."
Every time I jump on Youtube, the algo is bombarding me with RECESSION calls.
Either this is the most obvious recession everyone saw coming...
Every time I jump on Youtube, the algo is bombarding me with RECESSION calls.
Either this is the most obvious recession everyone saw coming...
2/ ...or the majority are once again going to turn out to be wrong — as they often do. Every time I jump on Youtube, the home page is scattered with fear-mongering videos.
Economists, strategists, investment bankers, specualtors, personal finance gurus, fund managers, CNBC...
Economists, strategists, investment bankers, specualtors, personal finance gurus, fund managers, CNBC...
3/ ...Bloomberg, CNN, Real Vision, even Joe Rogan show is talking about it, with your regular gloom & doom forecaster Petter Schiff making an appearance.
4/ Self-help gurus like Gary Vee are calling for a recession now, too.
Hedge fund celebrities, top economists and even personal finance vloggers — who usually discuss saving money on coffee & avocado on toast — are now predicting a recession.
Hedge fund celebrities, top economists and even personal finance vloggers — who usually discuss saving money on coffee & avocado on toast — are now predicting a recession.
5/ Professors, Nobel Laureate winners, New York Times best-selling authors and NYSE floor traders.
This is such a wide range of media outlets, finance & non-finance self-proclaimed experts, personality types and even celebrities.
This is such a wide range of media outlets, finance & non-finance self-proclaimed experts, personality types and even celebrities.
6/ Tens of millions, if not 100's of millions, of people (viewers), are being bombarded by gloom & doom and fear to start preparing for a next major downturn which will dwarf 2008.
7/ This will either turn out to be the most obvious recession — every "expert" saw coming and every man & his dog prepared well in advanced for (selling at the top) — or a complete dud, which will see the majority miss yet another next leg up in the bull market.
8/ Sticking your neck out against the herd takes courage. Betting meaningful sums of real money on it takes nerves of steel.
Whenever one is wrong, there is a price to pay. Whether I am wrong or right, I'm sticking my neck out: my call is no recession yet, equities go higher.
Whenever one is wrong, there is a price to pay. Whether I am wrong or right, I'm sticking my neck out: my call is no recession yet, equities go higher.
9/ Main stream politicians now have predictably game on point, making any economist / strategist who is predicting a recession obsolete.
Another day, another economic recession & stock market crash call.
Another day, another economic recession & stock market crash call.
