Imagine there are 100 miles between you and a goal. A place you want to get to. But the land in between is chock full of canyons, crevasses, and crumbling cliffs. You have two choices of how you could get there. You could find a way on foot, sliding into ravines and trudging up switchbacks. Up every cliff and down. Mile after mile. Or... You could float above it in a hot air balloon. Letting the wind carry you across.
Markets tumbled, heading into negative territory, and then bounced back. And then promptly fell again. We're caught in a whipsaw pattern of uncertainty. Is this weird?
Experiment: If you click over to your news of choice, what's the balance between good news and bad?
Let’s talk about what’s going on in markets and the economy after the recent bank failures. Quick recap: Over the last few weeks, several banks have collapsed under the pressure of bad management, high interest rates, portfolio losses, and a run of depositor withdrawals.
Is it 2008 all over again? Should we be worried about the financial system collapsing? Deep breath. Let's discuss.
I wanted to talk about life today. Specifically, making your dreams happen. It's easy to get caught up in worries about inflation, interest rates, recessions, and everything else.
