[Rushtalk] Sam Zell Sees Economy Permanently Scarred by Pandemic
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Sun May 24 17:58:43 MDT 2020
On Sat, 2020-05-09 at 16:21 +0000, Rushtalk Discussion List via Rushtalk
> I agree with his assessment. You cannot lock up your brakes if you're
> barreling down the interstate at 70mph without incurring damage and it
> won't be superficial, either. The stock market collapse cost me 1/4 of
> my retirement savings. Some of it has come back, but it makes me
> wonder how/why the Congress Critters were warned prior to the fall. I
> read a recent piece on Mises.Org that the "correction was due to a
> bubble, making everything unnaturally high." But, I'm not really sure
> if I buy that.
IMHO the stock market has been a bubble since it went over 3000 decades
ago. We had good jobs and American made in most things when the stock
market was at that level. So since that time we lost the jobs and
gained a giant stock market casino with paper chasing paper and dreams
of making money out of manufacturing nothing.
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