[quote=davelj][quote=sdrealtor]The passage of time is what allows for those interventions.[/quote]
Agreed but that’s not what you wrote so I assume it’s not what you meant. Without the intervention the passage of time alone is helpful but generally not sufficient (over any reasonable time horizon). [See: the Great Depression and Japan 1989-present.] Interestingly, in the case of Japan, despite decades of massive ongoing intervention, the Nikkei is still down 25% from it’s peak… in 1989. But what’s 32 years between friends…
[quote=sdrealtor]
Saying I’ve been totally wrong would’ve been enough;)[/quote]
That’s what I said in my previous post, verbatim. This last post was in response to your “passage of time” comment.
Just to clarify, of course.[/quote]
I’ve written on this many times here. More than I can count over many many years. Doomsayers all too often look at things with a myopic short term view. Things which seem impossible in the here and now are quite possible given the passage of time. Time for interventions, time for discounted dollars, higher wages/inflation, lower interest rates and more.
As for the “totally wrong” you followed it with a litany of excuses. You were wrong, dead wrong, not close by a long shot. I don’t understand why people can’t just take their lumps and move on. We all make mistakes
