Economy is like a rechargeable battery. 18 years after 1982 is a energy release process, so big bull market. Today is more like right after a discharge, it's the start of another charging process. For the normal middle class people retire in the next ten years, I feel sorry for them. As a rechargeable battery, its capacity is less after so many recharges. Eventually, it will fail. That maybe the end of the world. Not now. |