Most of the economists say yes, though some of the opinions we hear today depend on what side of the political isle you are own. I don’t look at our economy that way, and I certainly don’t advise my clients to wear colored glasses when planning for the future.
I will always remind you (along with potential clients) to plan with your future in mind, invest wisely, dream and set up a free 15-minute consultation with me, especially if you have any reservations in this Covid-19 time.
Recently, financial businessman Dave Ramsey was asked if our country is “okay” financially? His answer: “Definitely”. Then he went on to remind his readers of the the same things I have been saying:
“In 2008, we witnessed the largest bankruptcy in history, the stock market dropping like a rock, and the talking heads on TV freaking out that the world was coming to an end. I’m here to tell you the truth—we’re going to make it. We’re going to be fine. Take a chill pill.
“Remember Enron and WorldCom in recent years? We survived that. But much worse than all this was the financial crisis of the ’80s S&L collapse and 1,000 bank failures in two years. We’re nowhere near this type of thing; that was probably 50 to 100 times worse than all of this.” Read his full reply.