Broker Check

The Weekly Update for 8/18/2023

| August 18, 2023

“Bad News”!

It seems that each time I see or hear a news outlet, all I hear is bad news.  You may remember the recession talk started in early 2022, when we were technically in an actual recession, but I digress.

The funny part is that here we are 18 to 19 months later, and the dark clouds predicted just don’t appear.

In today’s update I would like to share my perspective and when used versus the bad news headlines makes me chuckle.

Our U.S. economy is now a whisker away from topping $27 trillion.  At our current growth rate, that should happen by the end of September.  So, imagine those recession clouds finally arrive and it is worse than the 2008 – 2009 Great Recession.  To be worse our economy would need to consolidate by 5%.

Let’s chuckle while we do the math.  5% times $26.80 trillion, current GDP, equals $1.34 trillion in Gross Domestic Growth (GDP) contraction.

If that were to happen it would drop the size of our economy all the way back to…wait for it…June of 2022, i.e., when our GDP was $25.248 trillion.

I don’t recall the world coming to an end in June 2022, a whole year ago!

Perspective is very important!  Most of all the news you hear and see is a twisted version of the truth or just not true at all.  I suggest you chuckle when you hear it and understand Corporate America cannot keep up with the current level of demand.

Things are much better than we are told. 

So, “yes”, we are continuing to add a few favorite investment positions that appear to offer growth going forward, but our WSG rules have not changed!

They are:

  • To not make our client family poor
  • Don’t fight the Fed
  • Five-year money (Read it Here)
  • No one knows the future

I’m interested in your thoughts, comments, and observations.  Feel welcome to call, email, or stop by the office and say Hi.


James O. Lunney, CFP®


Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments.