Quote:
Originally Posted by MortonH
However, if you believe another GFC is around the corner as some suggest, and then consider the possibility that markets may never return to pre-GFC stability, then you might consider it reasonable to adopt your own definition of "long term".
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I can't see how the markets would go back to what they were. The game has changed dramatically. Profit is now based on people's debt. Over production is the norm to meet demand rather than risking shortage. As a result waste and accelerated depletion of resources is everywhere. We live in a finite environment yet you're still only as good as your last gig. Apple coped a beating in the media recently because it was the first time they didn't sell more iphones as last quarter. The investors are not happy. Yet they're still making a lot of money, but clearly not enough.
