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It’s Simple: “Buy What They Buy”
One of the things that continually amazes me in my conversations with retail investors is their over
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Jim Rogers is predicting the crash of Western Civilization: http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6. Wonder if I should start researching real estate in Singapore…
This prediction has been in and out of style for about 2,000 years, or at least since western civilization was a ‘thing’. If there is a market crash, as long as all of the bad debts are cleaned out of the system and moral hazard is reduced, we should be fine. The term ‘collapse’ is something that only happens when there is some exogenous shock, like drastic climate change or world war. Those risks are priced in to the market now, since our leaders are so firmly in control of both their facilities and national (U.S.) policy. So, no sweat.
FYI, if you can tell which parts of these are sarcasm please let me know, because I’m not even sure anymore and I wrote the damned thing.
Funny Spunky.