There are a lot of people who sometimes find themselves a little too deep in the weeds. For those people, how do they pull themselves out of that? Yes, like the menusia, i do think at getting 80 to 90 % of the way there with just a few building blocks, can do. And if you want to focus on the manousa from there, that's fine. But i think once you get that stuff in place, and you have a high savings rate in your automating your bill pay and your you have an acid allocation in place that's automated and rebalances on its own, i think all that stuff, if you get those big building blocks out of
#333: In the 1890s and early 1900’s, we had recessions every two years.
From 2009 to 2020, we enjoyed an 11-year bull run, the longest bull run in history. And when we finally had a recession, it lasted only two months. It was the shortest recession in U.S. history.
The duration between recessions is growing longer (these days, we average 10 years between recessions, as opposed to two years at the turn of the previous century).
And when recessions strike, we recover faster. The average length of recessions is growing shorter.
What does this mean? If we project these trends into the future, are we bound for the end of recessions?
That’s the question that kicks off this discussion with Ben Carlson, Director of Institutional Asset Management at Ritzhold Wealth Management and the host of the Animal Spirits podcast.
For more information, visit the show notes at https://affordanything.com/episode333
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