Oh, how it hurts to see, U.S. stocks slowly (and sometimes not so slowly) sinking in recent weeks like so many Titanics. And yet, it could be worse. A lot worse. The 2008 financial crisis is the kind of thing you want to just shut out from your mind, a time when the only option seemed to be gallows humor. (The best joke: How your 401(k) retirement, now worth half its value, was only a “201(k)” plan.) Nobody, at least nobody who really understood money, wanted to look at their monthly financial statements. Doing so left a sinking feeling in the pit of the stomach.
Thank goodness we’re not living through that again! Or could we be? Fair warning, what some smart observers think may not exactly make your day.
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