A Callous, Persistent Bear
It really should've been worse. Or, if that's too strong, we can say that it most assuredly could've been worse.
US equities notched a third weekly decline (the sixth in seven, but who's counting?) and although most everyday market participants would probably express something like disappointment at the persistence of a bear market that's engulfed virtually every asset class, this could've been the week the UK pension complex imploded in a systemic meltdown.
So, be grateful US shares escaped w
Hello, H. Thanks for the insightful and informative perspective, as always. It’s interesting that as time goes by with this economic cycle, I find myself experiencing a greater sense of patience and learning to abide with the US markets such as they are.
What occupies me more is the coincident chaos in a changing world. China and Russia, as we used to say in the sixties, are “a trip.” In different ways, and without any influence or guidance from western countries, they are undermining their economies with their own decisions. Tell me that’s not the product of delusion!
These international happenings keep my eyes glued to a computer and phone much more than this particular downward US economic cycle. Even though everything happening in the world right now inspires a level of trepidation and reason for concern, I also find it all a very interesting time in the history of our country and the world.
My investment losses to date amidst the scale and gravity of the evolving US recession, foreboding and troubling though it may be, seem to be less a cause for worry than the vile abominations being carried out by Russia against peaceful and freedom-loving Ukrainians. There is no way the Russians can gloss-over the missiles they dropped on a convoy of vehicles carrying Ukrainian civilians near the southern city of Zaporizhzhia on Friday. Latest I heard was that 30 were killed and 100 injured. And this is not the first time the Russian government attacked Ukrainian civilians.
The Russians do not make for themselves the reputation of a feasible partner in the world economy. Pure and simple, Russia is a pariah state, taking actions against all international norms. To say the least, right now the world is not in a normalized state. I am looking forward to seeing the resolution of this mess. The only question is the extent to which Russia will challenge the “world order” promoted by the west.