Quote:
Originally Posted by Greedy,Greedy,Greedy
The thing is, there is even a model for screwing up your initial response and then recovering. China screwed up its initial response big time. Then reality hit them and they stepped in very quickly. The initial screw up was bad, but even those bastards were capable of recognizing their mistake and saying, ok, we see, let's not keep making mistakes, let's try to fix it.
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Yup. But this is where an utter moron like Larry Kudlow steps in and says, "But the economy! Animal spirits!"
Your fate, and mine, rest on the decisions of people like Steve Mnuchin and Larry Kudlow.
We are small business owners. I'm resilient to this somewhat. My spouse is not. We are also both going to get this disease due to location and type of work in which we engage.
I am prepared to see a lot of cash go away. I am right now chasing every lingering invoice... and it's scary. We can weather a lot, and my skill set is uniquely perfect for crisis. I love restructuring and workouts. But when nobody has any money... or let me put it this way: I don't accept Rolexes, deeds to spec properties, or seeds.
I hold very little hope I am not going to go through one of the bumpiest years on record.
