03-08-2017, 05:09 PM
(This post was last modified: 03-08-2017, 05:18 PM by TeacherinExile.)
(03-08-2017, 04:07 PM)David Horn Wrote:This year, if not this month, is definitely an "inflection point" in the stock market, in my humble opinion. The reason I pose the question about whether we have actually experienced the Great Devaluation or not: It still feels like we are mired in some kind of Turning Limbo, a gray territory between Unraveling and Crisis. Or else a "pendular swing" in this Crisis, one that alternately displays characteristics of both turnings, much like the period from 1929 to Pearl Harbor.(03-08-2017, 03:52 PM)TeacherinExile Wrote: ... Still, the question remains: Was the loss in wealth caused by the Great Recession sufficiently dire--across the board--to constitute the Great Devaluation to which the book refers? Or does some greater financial calamity have to befall us? One that results not only in a paradigm shift in politics, which is obviously underway, but a paradigm shift in the political economy as well?
Yes, that's the real question isn't it? Trump is a huge unknown, but the business community thinks he's going to do for them first, and the others ... well, not so much. That may be changing as reality sets in, but that's still where we are. I'm still looking for a sell-off. I may be foolish, but I'm not getting further in. Not now.