More Reasons For Us To Be Safety Conscious

In an interview on Fox News Channel on August 31, 2022, Brian Brenberg, who serves as an Executive Vice President and Associate Professor of Business at King’s College, said the United States is sitting on “the brink of a deeper recession.”

And this from Jeremy Grantham, Viewpoints - January 20, 2022

“One of the main reasons I deplore superbubbles – and resent the Fed and other financial authorities for allowing and facilitating them – is the under-recognized damage that bubbles cause as they deflate and mark down our wealth.

As bubbles form, they give us a ludicrously overstated view of our real wealth, which encourages us to spend accordingly. Then, as bubbles break, they crush most of those dreams and accelerate the negative economic forces on the way down. To allow bubbles, let alone help them along, is simply bad economic policy”.

The news is full of information that makes it very clear that we are indeed living in historical times. I have been writing about the necessity to be safe with assets for some time, and each day that message is more urgent.

Investments that have worked well during healthy market cycles may well sacrifice assets during this time, and evidence of this continues to mount.