Hello MeDroogies, Given that you had uncommonly believed stock indices are not leading indicators but are lagging indicators, I just figured your comments concerning the economy is based on a recovery you already see, as opposed to a recession that you believed would not happen and that is so very clearly and indisputably in play now.
Now, regarding <<Bubbles burst constantly, with most smaller than this one, but usually with the same result...recession, stagnation, recovery. The size of the initial bubble is less important than the reaction afterward.>>
This too is uncommon, and as usual, I urge caution at matters I do not understand, and repeat my conviction that “anticipation is a survival skill”, but as you seem to have a fine grasp of the facts, implications, and the way forward, I leave you to the journey and will check back at a later time.
Chugs, Jay |
