I’ve been fielding a lot of phone calls lately from friends and family members. And they are scared… #-ad_banner-#Some have asked whether they should sell their house now, before a recession hits. Others are wondering if they should postpone their house purchase. And, of course, they are all worried about their retirement accounts. The fear is not limited to my circle of acquaintances. A lot of folks are downright spooked. Whether it’s the trade war, the Federal Reserve’s decision to lower interest rates, President Trump’s tweets, or headlines about the dreaded yield curve, there’s a lot of tension and uncertainty… Read More
I’ve been fielding a lot of phone calls lately from friends and family members. And they are scared… #-ad_banner-#Some have asked whether they should sell their house now, before a recession hits. Others are wondering if they should postpone their house purchase. And, of course, they are all worried about their retirement accounts. The fear is not limited to my circle of acquaintances. A lot of folks are downright spooked. Whether it’s the trade war, the Federal Reserve’s decision to lower interest rates, President Trump’s tweets, or headlines about the dreaded yield curve, there’s a lot of tension and uncertainty surrounding the market and the economy. But I don’t share these feelings. I still see plenty of opportunity in the market. To be sure, I’m not saying that “this time is different” — the four most dangerous words in investing — as we are closer to the end than the beginning of the economic expansion. And the inversion of the yield curve has been one of the most historically reliable indicators of a recession. I’m just not sure we will witness the sort of recession that most people are fearing — a 2008-like financial crisis — and I believe that… Read More