Originally Posted by
rickair7777
It used to be the 7 year cycle. Starting in 2015 all the chicken littles were like wait for it... wait for it... wait for it.
Crickets. Until covid. Then it bounced right back.
We seem to be in a new paradigm, and the old cycle model doesn't appear to be holding up. What's the new model? Dunno. But ground war in Europe, involving the red army, hasn't brought the house down, at least not yet.
This right here. If I had a dollar for all the people on here that for years that chirped about the next recession cycle is right around the corner just like the talking parrots on CNBC then I could retire by now. Well they were dead wrong. Recession wasn't even on the radar until COVID happened. Even with inflation who knows what is going to happen. The world is a different economy with a different mindset. COVID proved that.