Recessions: The Ultimate Surprise Party
Okay so some big shot Tyler Goodspeed wrote a book saying recessions are basically impossible to predict. He calls them "shocks." Sounds about right. Like when I decide to paint the town purple with Fishbones. Nobody sees it coming and BOOM everything's different. He used to work at the White House so you know he is smart. Just saying.
Energy: The Spark That Ignites the Boom
This Goodspeed guy says energy is a major cause of economic chaos. Huh makes sense. Everything needs power right? Even my zap gun. Apparently high energy prices were a big problem back in 2008. People were spending an extra $2,000 a year on that junk. Maybe they should have invested in rockets instead? You know something fun. If you are looking for more insights check out this article Retail Investors Beware Volatility Could Be a Wolf in Sheeps Clothing for more details about market fluctuations.
Government: More Like Govern Don't
So can the government stop recessions? Nope. Goodspeed says they can actually make things worse if they mess with the economy during a downturn. Classic. It's like when Vi tries to "help" me with my art projects. Ends in a bigger mess every time. They just should leave things as is and probably go home.
No Expansion Lasts Forever (Sadly)
He also said that expansions don't last forever because 'history continues to happen'. No kidding. Eventually something blows up. That's just how things work. The article just implies to do not expect infinite growth which makes sense. We are only humans (most of us anyway).
Long Live the Market Long Live the Chaos
The article ends with some optimistic gibberish. I do not buy it as the markets are driven by humans. As long as humans are in the equation things can go wild pretty quickly. I am not an expert but from my experience it is what it is.
Wrap Up Time: A Final Word from Yours Truly
So there you have it. Recessions are unpredictable energy is a pain governments are useless and nothing lasts forever. Sounds like a party to me. Time to go make some mayhem. "Rules are meant to be broken"
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