realold

Great Depression 2.0: Acceptance is Spreading

The conversation on how to approach stocks in a second great depression is amusing. As a kid whose parents, grandparents, great-grandparents were still around and talking about the GD and WW, I think that most people seem to have no clue. They survived the misery by plowing with a mule to grow food, picking cotton for a few cents, and casting tools from raw metals. Going into the GD, one side of the family owned a hotel and resturant, the other was an engineer. The last thing they (and you) would care about is picking the bottom in stocks. Better that you should work toward not seeing a GD2, or starting sharpening your agriculture and tool making skills. Move to a rural area. Learn to love eating horse feed. Stocks, forget about it.

Here is to those who would work to avoid the GD, not their fantasy of profiting from it.