The Great Recession of 2026
Jun. 3rd, 2021 12:03 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
ndrosenI cannot predict the future with certainty or in detail, but if the usual pattern holds, we can expect another major recession in 2026, assuming that large-scale war or other non-economic events do not disrupt the cycle. Fred Harrison, who tried to warn the British government of the coming 2008 crash, says so; Dr. Fred Foldvary, who predicted the 2008 recession in an article in The American Journal of Economics and Sociology back in, if I recall correctly, 1997, has also been saying for years that the next big crash would come around 2026.
I am not merely arguing for Georgist policies, nor excoriating most of the world for its folly in not accepting Georgist ideas; I am naming a year, and giving actionable advice. I do not make any guarantee that this advice will benefit your personal finances, but I think it likely to do so, and I intend to act on it myself. I also plan to follow up with further posts about the expected recession.
Before the 2008 Great Recession, which Georgists had predicted, I considered selling some of the stock fund I had in the Federal Thrift Plan, and putting the money into the corporate bond fund; after the stock market crashed, I could sell some shares of the bond fund, and buy back more shares of stock than I had had before. I did not have the courage of my convictions and do this, but I proclaim my intention of doing so this cycle, and reporting on the results. If you have investments (private stockholdings, an IRA or Roth plan, or a 401(k) under your control), I advise you to do similarly.
There will be more posts on this topic.
I am not merely arguing for Georgist policies, nor excoriating most of the world for its folly in not accepting Georgist ideas; I am naming a year, and giving actionable advice. I do not make any guarantee that this advice will benefit your personal finances, but I think it likely to do so, and I intend to act on it myself. I also plan to follow up with further posts about the expected recession.
Before the 2008 Great Recession, which Georgists had predicted, I considered selling some of the stock fund I had in the Federal Thrift Plan, and putting the money into the corporate bond fund; after the stock market crashed, I could sell some shares of the bond fund, and buy back more shares of stock than I had had before. I did not have the courage of my convictions and do this, but I proclaim my intention of doing so this cycle, and reporting on the results. If you have investments (private stockholdings, an IRA or Roth plan, or a 401(k) under your control), I advise you to do similarly.
There will be more posts on this topic.
