Definitely we are. But it's also a time of opportunities, though I am a bit tired of being panicky every day. :(

history often repeats itself.

As Mufasa said, it's the circle of life..

Winter is coming, you know.

Bad things and good things happen, this is how the world moves forward.

These crises never go away, but each time they come up, they are solved, and it is impossible to cure them

Every generation says the same thing and the cycle continues.

People always think their situation is the worst. Just compare the last 3 years to any real global crisis like WW II or the black death and get a grip.

I think at the moment we are just fine. Unemployment is historically low, which is great. The biggest problem at the moment is inflation, with which the FED is dealing right now. If they are successful and inflation goes down, we might see a jump in stock valuations. That would be great for the economy and would probably save us from recession. I'm optimistic.

(July 25, 2022, 01:11 PM)rytisthehacker Wrote: I think at the moment we are just fine. Unemployment is historically low, which is great. The biggest problem at the moment is inflation, with which the FED is dealing right now. If they are successful and inflation goes down, we might see a jump in stock valuations. That would be great for the economy and would probably save us from recession. I'm optimistic.

have you seen US and EU trading balance sheets?
inflation is not the problem it's the symptom. the problem is that governments issue debt without limit. we are fucked up. winter is coming indeed