THIS NOTION THAT STOCKS ARE "GOOD INVESTMENTS" FOR THE "LONG TERM" NEED REVIEW...
THE AMERICAN ECONOMY IS IN A STRUCTURAL COLLAPSE NOT A CYCLICAL DECLINE...
THIS IS LIKE THE OTTOMAN'S AT THE GATES OF CONSTANTINOPLE IN 1454...
THERE WAS NO "LONG TERM" FOR THE BYZANTINE EMPIRE THEN...!
OR ITS LIKE "PROJECTING" THE HEALTH OF AN 85 YEAR MAN....BASED ON HIS HEALTH RECORDS OVER THE LAST 60 YEARS...!
YES, YES...THINGS LOOK PROMISING...! JUST A TEMPORARY PROBLEM...
WE COULD REVERT TO THE MEAN AT ANY TIME...
THE OLD CHARTS SAY EVERYTHING WILL BE JUST FINE IN THE LONG RUN...
OR, NOT...!!
