Now in my late 70s, I never thought this would happen. I have become lazy. Henceforth, I
will post only occasionally. You know, for several years now, I have been much more interested
in how the US economy would come out of the global depression than how the markets would
do. We are not out of the woods yet, but the US has made substantial progress in stabilizing
the economy. Unfortunately, the socio-political side of the ledger is not in very good shape at all.
We are in for a period of White Mischief as the GOP is set to pander to the wealthy and is
eager to take actions that will create an even larger mal-distribution of income and wealth.
So, social stability could be threatened in the years ahead if a tyranny of the minority lead
by Trump and his 'basket of deplorables' fully gets the upper hand.
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!