One of the biggest economic impacts of the Covid-19 epidemic is not the second quarter economic decline, but the longer-term ways it could transform our global economy—potentially for the better. The world has been forced to go digital on an unprecedented scale, and more companies are now accepting a teleworking environment that many have resisted over the years. We are all experimenting with potentially a more efficient work modality, and it’s possible that we—workers and corporations—won’t ever go back.
After we endured the 2008-9 Great Recession, where the global economy was brought to its knees (due to enrichment schemes by Wall Street and its brokers), we thought we’d seen the worst market in our lifetimes. Some of us thought the same thing during the Tech Wreck at the start of the century.
As global markets continue their roller coaster ride due to fears surrounding the coronavirus, our most recent bull market officially turned into a bear market. But what does that mean? And are we on the verge of another recession like the one we had in 2008?
In light of all these concerns, today we’ll share what you need to know about recessions and bear markets. If you are worried about your portfolio, we understand and we’re here to help. Feel free to contact our office to get answers to your specific questions.Read More “What You Need To Know About Recessions And Bear Markets”