Pardon me for being "defensive" by pointing out the simple fact that the US goes through business cycles every few years and that the last two have been about double the period of previous cycles because of the success in controlling US inflation.
RESPONSE: Yes Mario, in every such cycle the 5th largest securities firm, Bear Stearns, goes under and takes with it $19 billion market capitalization in a few weeks. That is the sum of economies of a few SE Asian countries and is only ONE example.
Maybe. Maybe not. I have seen "this time it will be different" come and go numerous times in the almost four decades I have lived here.
RESPONSE: So, you are unsure too.......and want to cover all the bases with your "Maybe. Maybe not." In forty years you are allowed to be defensive......as long as you are not dishing out financial advise to good people. One would expect real good advice from somebody who has spent 4 decades in the US. I will not hold my breath...........
- Bosco
