
Contrary to popular belief, 2020 was normal
Before I get to the topic at hand, how many of you correctly answered the question posed to you in 2015: “What do you think you will be doing five years from now?”
Before I get to the topic at hand, how many of you correctly answered the question posed to you in 2015: “What do you think you will be doing five years from now?”
The news is always talking about the “economy” and GDP. But what really is the economy and GDP? How is the economy measured? Allow me to attempt a “Reader’s Digest” discussion of the makeup of the economy. The health of our economy is measured by the calculation of a country's GDP which stands for Gross Domestic Product. This is measured by the Bureau of Economic Analysis and is divided into four components.
In this very uncertain world we live in today, it is nice to know that one thing is for sure....or at least more “for sure” than most of the world in the year 2020.
Historically, markets have always gone up. Gains have in the past always been permanent while losses are temporary. However, this requires a steady hand, a strong heart, and time.