Man are you going to feel bad when gnp growth tops 10% annually. Agree that we’re in cyclical decline . Breaking against that however is an ai industrial and technological revolution on a scale that has not been seen since the late 1800’s.
If your bet is that it’s all downhill from here— you’re going to be disappointed.
Yep. Economic growth or decline is rarely linear. The silicon chip has created incredible new efficencies and wealth. GNP continues to grow. Thanks to the discovery of oil Arabia has gone from an impoverished backwater to a wealthy backwater, Yet the dollar continues to decline, urban America rots,politicians remain oblivious, chant nonsense and people are chronically anxious.
“Man are you going to feel bad when gnp growth tops 10% annually. Agree that we’re in cyclical decline . Breaking against that however is an ai industrial and technological revolution on a scale that has not been seen since the late 1800’s.”
Yep. The stock market climbs a wall of worry they say. That’s Ok because many people probably shouldn’t be in the market anyway.
For all its problems the U.S. is still the place to invest compared to the rest of the world. Yes a crash or correction can occur at any time but if one is tough enough to ride it out then risk is rewarded.