Let's be clear.
We're diving head-first into global monetary deflation (mixed with price inflation) that hasn't been seen in a very long time. It will make 2008 seem like a calk-walk.
Where did it start? China (and to a lesser extent Russia).
Who's now feeling it on their shores? Europe
Who gets to watch the tsunami approach and wonder at the tides going out?
The United States
Remember those pundits on television who say to "ride out" the market - because it always goes higher?
Japan had its last high on the Nikkei in December of 1989...
Let that sink in my FRiend...
“Japan had its last high on the Nikkei in December of 1989...”
Yep, 40,000 back then - and it didn’t even get back to 30,000 until 2 years ago. So 30+ YEARS in the dumps and still a long way to go...incredible!
[It will make 2008 seem like a calk-walk.]
That’s what I’m afraid of...
