It is high time I packed it in. I have been doing the capital markets and economic stuff for 55 years.
I have not seen all there is to see, but I have seen all I have wanted to see. As this economic
recovery proceeds, cyclical pressure factors are beginning to creep in. As chatter about another
economic depression recedes, discussion about the strength of the recovery, and whether it will
be a spectacular boom / bust affair or a lengthy one, and whether there will high or modest inflation,
dominate discussion presently. Sounds to me like a good time to step out. If I had to be in this
business today, I would play the commodities market. It is overbought in the short run, but the
CRB Index is about 40% below fair market value in more nearly normal economic times.
Best of luck.
10 comments:
Thank you Mr. Richardson. This blog has been a great education for me over the past 15 years. Wishing you safe travels on the road ahead, -Adam
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