January 2, 2008 DJIA was 13,043.Fell during 2008, started recovering again and today is once more 13,195 and is approaching all time highs. Today, Interest rates are effectively negative (relative to inflation) and real estate is still in the toilet for prices. I would say everything except the market is showing a lot more weakness in earnings. If anything is a horror story it is the fiscal condition of the government…
I don’t endorse Bush’s plan in it’s entirety, but I do think people should be more proactive in their own financial planning rather than leaving it up to government.
Apr 12, 2017