Yesterday, proved the old adage remains true. Cash is King! There is nothing more valuable than good old fashion cash or cash equivalents. Most of us were raised to have a rainy day fund in the bank or in a money market fund in a brokerage account. Now, is that rainy day ~ literally and figuratively. Our rainy day funds should cover 6 months to 1 years’ worth of basic living expenses. Take solace in that! There is no immediate…
Does the stock market trigger a recession? No, stock market sell-offs do not necessarily mean we are in a recession. However, they are good barometers of coming storms or simple little squalls. So they do typically go along with each other. The Stock Market is and has always been prone to wild, emotional swings or what’s called volatility when there is uncertainty in the market. And they say women over react! A few things to know about the Stock…
What the hell is going on with the economy?!?!? We are most likely in a global recession. Full stop. The funny thing about economics is it takes backward looking data to know anything for sure. How mild (a simple little slow down in spending, some layoffs & a soft credit market) or how deep (Great Depression and 1929 Stock Market Crash) all depends on how long we have to live this new normal. The economy needs YOU to stay calm…