I am not that worried about the economy

I am less worried then many people about the economy. Maybe because I feel fairly secure at my position and I’ve built up savings and investments over the years, but if Trump crashes the economy with his tariffs so be it. There is nothing I can do to change the economy, and it’s unlikely any recession is likely to last more then a few years. Even if it takes many years for the markets to fully recover from the downturn, I’ve been investing over the past decade and a half, and things are diversified and bought at different times.

I am very skeptical about a very long or deep recession. For one, the American economy is so big and diverse. Politicians fortunates rise and fall on economic news, incumbents don’t want to be seen as doing nothing to reduce human suffering. Moreover, most business leaders nowadays derive the the majority of their wealth not from cash but from stock options, which means if the stock market is in the crapper, CEOs and other leaders have very little money to throw around until the economy recovers. Not to mention, access to inexpensive stocks wouldn’t be a bad thing, as I want to invest more at a lower rate to have more growth for those days when I finally have that homestead I actually want.