Lessons from Investment Gurus

The Most Important Thing

 Successful investing requires thoughtful attention to many separate aspects, all at the same time. 
Omit any one and the result is likely to be less than satisfactory.

The idea of the most important things—each is a brick in a solid wall, and none is dispensable. 

Recession 2024? Why yes and why not?

Seems like many people agree that we are more likely than not to enter a recession, and many financial indicators would suggest that as well. What are your predictions and why?

Recession 2024? Why yes and why not?  Seems like many people agree that we are more likely than not to enter a recession, and many financial indicators would suggest that as well. What are your predictions and why?

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Jozhe

U.S. economy grew at 2.8% pace last quarter, powered by consumer spending. The American economy, the world's biggest, has shown surprising resilience in the face of sharply higher borrowing rates as the Federal Reserve tightened monetary policy in a bid to tame inflation. Despite widespread predictions that the economy would succumb to a recession, however, it has kept growing, with hiring and consumer spending holding steady. Employers are expected to have hired 120,000 workers in October, a slower pace than September's 254,000 new jobs.  

https://www.cbsnews.com/news/us-gdp-2024-third-quarter-consumer-spending/

U.S. economy grew at 2.8% pace last quarter, powered by consumer spending. The American economy, the world's biggest, has shown surprising resilience in the face of sharply higher borrowing rates as the Federal Reserve tightened monetary policy in a bid to tame inflation. Despite widespread predictions that the economy would succumb to a recession, however, it has kept growing, with hiring and consumer spending holding steady. Employers are expected to have hired 120,000 workers in October, a slower pace than September's 254,000 new jobs.    https://www.cbsnews.com/news/us-gdp-2024-third-quarter-consumer-spending/

Consumer confidence soared in October, signaling that Americans may continue to open their wallets.