Economic Forecasting

According to a report from FOX NEWS this morning, our economy will not completely rebound from the COVID-19 Pandemic until the END OF 2021... that's almost 20 months from now...  much can happen during the next 20 months...  and, if it takes these next 20 months, many of our financial investments will become substantially damaged even when and after the economy does, in fact, rebound.

During my working career, I never much gave a rat's ass to whether investment increased or decreased as I was just concerned about my own salary and how much money I was able to save...  and, while that may seem very narrow minded on my behalf, the money I saved never made it into the stock market...   I based all my goals on non-interest bearing accounts which always meant that they would always do a little bit better than my predictions.

Now that I am taking money out of my accounts, I still do not plan for interest earned, but on a simple reduction of the funds and how long those funds will last.  Interest will only delay the inevitable...  that is to say, the depletion of the account.

Right now, those monies will pay our bills until both of us have reached the age of 97 regardless of the interest earned...  so, economic forecasting is of minimal concern to us and our livelihood.