This Isn’t the First Economic Downturn, And It Won’t Be The Last
One of the things that can exacerbate the current economic condition is panic, and the thought that this is the only time such an economic problem has befallen the United States. However, economic down cycles are natural — the unreasonable thing is expecting unlimited and constant growth.
Over at Stock Trading to Go, Blain Reinkensmeyer shares some of the economic downturn cycles that the United States has weathered in the past 80 years:
- Great Depression (1929 through the late 1930s)
- Recession of 1945.
- Recession 1948-49.
- Post-Korean War Recession (1953-54)
- Recession 1957-58
- Recession 1960-61
- Recession 1969-70
- 1973 & 1979 energy crises
- Recession 1981-82
- Recession 1982-83
- Western recession 1988-1992
- Recession 2001-2003
It is impossible to completely avoid an economic downturn. The best policy is to practice solid financial principles on a daily basis, and prepare yourself to ride out the tough economic times.
Tags: economic downturn, financial principles, personal finance blog, recession, stock trading, yielding wealth
7 opinions for This Isn’t the First Economic Downturn, And It Won’t Be The Last
Jean Murray
Jul 22, 2008 at 8:26 pm
Miranda: I also wrote about this over at Small Business Boomers: http://www.smallbusinessboomers.com/thats-why-its-called-a-market-cycle-it-goes-down-and-up/
The benefit of being “experienced” (i.e., old), is that we’ve seen it all. I’m doing exactly what you suggest, Miranda….sitting tight.
miranda
Jul 22, 2008 at 8:47 pm
Thanks for sharing your link, Jean! It’s important to take a reasonable and measured approach to your finances is the best way to weather these circumstances.
Donna
Jul 23, 2008 at 5:13 am
Always enjoy your content and writing Miranda, up for another guest post when you shout.
Yours in money.
Donna
aka moneypenny
Miranda
Jul 23, 2008 at 5:55 am
Thanks Donna! You are welcome to guest post again soon if you would like :)
Market cycle, revisited, or “it’s just another recession…”
Jul 24, 2008 at 8:33 pm
[…] cycle. Miranda Marquit, over at Yielding Wealth, wrote about this same issue, and she included a list of the recessions we have experienced over the past few 80 years, staring with the “Great […]
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Jul 25, 2008 at 4:26 am
[…] cycle. Miranda Marquit, over at Yielding Wealth, wrote about this same issue, and she included a list of the recessions we have experienced over the past few 80 years, staring with the “Great […]
British Qualifications2 » Blog Archive » Market cycle, revisited, or “it’s just another recession…”
Jul 25, 2008 at 10:46 am
[…] cycle. Miranda Marquit, over at Yielding Wealth, wrote about this same issue, and she included a list of the recessions we have experienced over the past few 80 years, staring with the “Great […]
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