Quote:
Originally Posted by bigearl
Keep in mind, the economy has had a recession after every war. It appeared that the major hostility in Iraq was pretty much over in 2008. We were likely heading to a recession of some kind just based on that alone. At the same time, we had the 'oil-shock' of 07-08 (which is also pretty common at the end of major wars) and the sub-prime debacle which made a bad thing worse and last longer.
We always have these CEO purges and new pushes to have more oversight during these recessions as well. Then the oversight and regs starts to plug the system up and someone roto-rooters it; then oversight gets too lax and in 30-40 years we'll have another recession, probably a war to go with it, some ceo purges, etc.
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As a guy with a degree in history and business economics, this is very true.
Except with WWII. That war really helped us out of the Great Depression.
But still, it's a cycle. I sort of wish people would stop freaking out.
Sometimes I have to tell myself to calm down about it.
Everyone, go invest in some stocks while they are low and wait for the bear market to turn bull again.