01-06-2016, 08:41 AM
Predicting the economy is tough. If I had to make a prediction, I think the biggest threats to the US economy are weakening emerging markets. I would not be surprised if we saw a couple 5-10% market corrections and maybe even a 20%+ market correction. We might be in the beginning a correction right now. I plan to keep some cash available to take advantage of these potential opportunities.
Predicting the economy reminds me of an old joke:
A mathematician, accountant, and economist are interviewing for a job.
The interviewer asks the mathematician, "What is 2+2?"
The mathematician replies "4."
The interviewer asks the accountant, "What is 2+2?"
The accountant replies "4 plus or minus 5%."
The interviewer asks the economist, "What is 2+2?"
The economist replies "What do you want it to be?"
Predicting the economy reminds me of an old joke:
A mathematician, accountant, and economist are interviewing for a job.
The interviewer asks the mathematician, "What is 2+2?"
The mathematician replies "4."
The interviewer asks the accountant, "What is 2+2?"
The accountant replies "4 plus or minus 5%."
The interviewer asks the economist, "What is 2+2?"
The economist replies "What do you want it to be?"