By worse, do you mean that the next crisis will undo all the gains since 2009?
As long as we move forward in GDP growth, it really doesn’t matter if we have a next crisis or many more.[/quote]
Yes, undo all of the “gains” since 2009, and possibly more, as the economy was not allowed to realign and purge itself of the bubble-induced misallocation of resources.[/quote]
I think that you’re serious. Imagine what that would to portfolios and pension funds.
I don’t believe that it will happen in my lifetime.[/quote]
We can wish all we want, but if you look at the numbers, it doesn’t look good, IMO.
