I just came across a paper by Paul Krugman on the economic realities we face. Mutual fund companies and the televangelists are mostly bullish given the market comeback since the March lows of 2009.
Disagree with me? Well, as long as you have money invested or at risk, you must be bullish – otherwise it would not make much logical nor emotional sense to remain committed.
No one will care more about your money that you.
Interesting paper Martin, Krugman makes a lot of sense. The US is between a rock and a hard place given the limitations on exchange rate manipulation, i.e. already approaching 0% interest rates. What with the state of other key economies it's like the watching Laurel and Hardy trying to stand up on an ice rink.
Interesting paper Martin, Krugman makes a lot of sense. The US is between a rock and a hard place given the limitations on exchange rate manipulation, i.e. already approaching 0% interest rates. What with the state of other key economies it's like the watching Laurel and Hardy trying to stand up on an ice rink.