I like recessions. They make things cost less.

MBGantt
This is something I have researched and here is the bad news- on average there is a big crash every seven years in the fall. 2001, 2008, 2015 So we are due. I could say more but that would get into religion so I better not. :)

My theological research tells me that after seven lean years, seven fat years will follow.
(This is not religon, just theological research)
 

OP: Any Preppers Out There?
 
Nope, and no one else I know.  
 
But thanks for the reminder, I have to 'Prepare' dinner shortly.
 
 
 

Zonno

MBGantt
This is something I have researched and here is the bad news- on average there is a big crash every seven years in the fall. 2001, 2008, 2015 So we are due. I could say more but that would get into religion so I better not. :)

My theological research tells me that after seven lean years, seven fat years will follow.
(This is not religon, just theological research)
 

Well that is part of what is interesting, every so often instead of a big crash there seems to be the opposite, a sharp increase for seven years. The pattern was broken of dips in 1994 when instead of a crash everything went up for seven years and was part of the reason 2001 was so bad.

Actually, even Gantt knows that the cycle isn't seven years.  Actually, you won't be able to even identify a cycle if you don't understand things like Euclidean geometry and difference between Heliocentric emphemeris and Geocentric.  Heck, chaos theory and music theory both come into play as well.

Around 1959 my uncle Eddie built a really nice bomb shelter in his basement. People were doing that in those days. He had a party to celebrate the completion and show off the reinforced walls and supplies of food and water. He was definitely prepped.
 
He was a heavy smoker. One day he collapsed at home and was dead of lung cancer a few months later. His wife, also a heavy smoker, died of lung cancer a few years later. So did his brother, my dad.
 
It's really hard to know what the real dangers are.
 
Mitch_I

Oh, heck. Now I've gone and ruined the tone of the thread.
 
On another note, about three years ago a friend of mine told me he was sure of two things: (1) there'd be a major terrorist attack at the London Olympics, and (2) the banking and financial system would collapse by the end of the summer. He was all prepped for that.
 
Should I remind him of those predictions?
 
Mitch I.

My rule regarding economics is that I put zero trust in what anyone says if they aren't a billionaire yet.

drewfx1
My rule regarding economics is that I put zero trust in what anyone says if they aren't a billionaire yet.

Kind of reminds me of my old economics teacher at school. He was very passionate while teaching us about the financial markets and their potential to make money for the financially astute. To which my friend Fergus raised his hand and said "Sir, how come you're a teacher and not a banker?" 
 
Kinda stumped him. 

<-----    I'm not just a prepper, I'm all prepared!