The New CS Board

[jumanji0881]

It's been a very long time since we had a REAL recession where prices plummet and you can buy stuff for 10 cents on the dollar. I think the recession of 1992-1993 was the last time that happened. The Fed always steps in to inflate to prevent a real recession. But if there are a lot of bankruptcies and layoffs, then you'll see bargain prices. That's why I keep increasing my cash position through savings. Here's something to consider :

2021: A Year Of Mass Bankruptcy : https://www.zerohedge.com/economics/2021-year-mass-bankruptcy

Excerpt:
The federal government has a printing press. They can bail out Illinois mismanagement and Chicago mismanagement and basically bail out the politicians who did all of these things. This will come at the cost of the financial markets in general and the currency markets in particular.

When they see trillions of dollars in bailouts here and trillions of bailouts there, they will conclude maybe you don’t want to hold the currency of the country that is doing this. Then the U.S. starts looking a lot like Illinois does now, not AAA credit and that is when the debt spiral starts. This causes people to lose faith in the currency, and then it’s game over. . . . There are mass layoffs coming one way or another. It’s just a question of who gets laid off.”