The Sunday Sharies: Volume 20

Sunday Scaries (n): The Sunday evening dread that creeps in when anticipating work in the morning.

Shut down Sunday Scaries with this series: Sunday Sharies! These are the articles, links, and content I’ve read this week that I think are worth sharing.

FIRE Articles

Stocks — Part 1: There’s a major market crash coming!!!! and Dr. Lo can’t save you. (jlcollinsnh)

Thing is, they are never the end of the world.  They are part of the process.  So is all the panic that surrounds them. So, of course, is all the hype that will surround the 3-4-5 mega bull markets she’ll see over those same years.

About those the financial media will be confidently saying “this time it’s different.”  In this too they will be wrong.

Shocking Headlines of the 2008 Financial Crisis (Clipping Chains)

Let’s examine some headlines from major news institutions as the financial crisis unfolded. We’re particularly interested in the period from September, 2008—a period of financial infamy—to March of 2009, when stocks once again began their relentless climb. 

A recession won’t end the FIRE movement, but it will change it for the better (MarketWatch)

If anything, we should expect to see more people interested in securing their financial security permanently, most especially workers who are too young to have been scarred by the Great Recession in 2008-2009, an event that certainly pushed a great many of us who’ve already retired or who are pursuing FIRE to take their financial future into their own hands.

5 Months To Retirement: Yes I’m Still Quitting In September (A Purple Life)

As a result of the falling market, I’ve been getting questions on Twitter and Instagram asking how my plans are changing as a result of the stock market “plunge.” So I thought I would address it here: They’re not. My plans are not changing. This is what we trained for people!

Finance Articles

Everything You Need To Know About Recessions (Visual Capitalist)

This is not a magic rubric for anticipating every economic downturn, but it helps individuals see the weather patterns on the horizon. Whether and where the storm hits is another question.

The Coronavirus Class Of College Seniors Faces A Difficult Financial Future (WAMU)

Now, as college seniors in the region face the prospect of an extended stay at home (if they have a home they can return to) and ultimately attempt to launch careers amid a possible recession, the economic security of Generation Z could see a similar, or worse, fate.

What do you think?

Let me know what you found interesting in the comments below!

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1 Comment

  1. I’ve been following the news more closely just to see where the hot spots are. I’m in FL with family in NY and CA, and you can see how different the responses are in the different states. I think the finance news is dominated by the Great Cessation (as Fortune put it), and while there’s fallout now, there will be so much more to come — inflation due to disruptions in the supply chain, another credit crunch as debt bills come due for governments, individuals and businesses, uneven access to healthcare has and will continue to dominate. We’re hunkering down for a few years of volatility.

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