Yes, that would be brutal. I would run, not walk.
It’s beyond me what could happen in this country, but a massive DE-flation isn’t impossible. There is plenty of speculation that it could be twice as deep and three times as long as what happened in the dirty thirties. At that time my great grandad was buying land for 2 cents an acre.
Let’s ray we don’t see times that bad.
Anyways, I need a nap.
Enjoyed the discussion.
My dad lived through the Depression and lived his life as if those times could come again. He never wanted to be without money and security.
I do pray we never have those times again. Maybe I’m deluded, but I don’t think a depression is possible, with the level of financial management we see in the world today.
Of course, even the experts can make mistakes. So I will never say never. But I don’t think a depression is possible, so if it happens, I am going to be stunned. I won’t be alone in that...
It is a good discussion and I’m looking for insight from all sides. Thanks for your contribution.