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It was not that long ago that the "experts" were saying the Boom-Bust Cycle had ended. https://www.bloomberg.com/news/articles/2020-01-22/bridgewater-co-cio-bob

It was not that long ago that the "experts" were saying the Boom-Bust Cycle had ended. https://www.bloomberg.com/news/articles/2020-01-22/bridgewater-co-cio-bob-prince-says-boom-bust-cycle-is-over https://www.bloomberg.com/news/articles/2020-01-22/bridgewat... Buffett, Dalio and others have been preparing for this time for a while. This is when money is made or lost. If you have the ability and the stomach for it. I'm not suggesting you buy today, I personally don't believe the worst is behind us. But an opportunity is coming.

porknubbins 7y ago
The “we have beaten the business cycle” is a pretty bold claim I agree, but I don’t see anything here that contradicts it yet. We have a market psychology panic, but unless low earnings and unemployment follow its not really an economic bust.
joncrane 7y ago
As recovery approaches full employment ... soothsayers will proclaim that the business cycle has been banished [and] debts can be taken on ... But in truth neither the boom, nor the debt deflation ... and certainly not a recovery can go on forever. Hyman Minsky (From the wikipedia article posted last week "Minsky Moment: https://en.wikipedia.org/wiki/Minsky_moment" https://en.wikipedia.org/wiki/Minsky_moment"