Looking Back and Forward, 2008 and 2018
As mentioned a couple of days ago, today January 22nd, marks eight years for this website. We had three main objectives at the start:
I. To present to readers an overview of a major economic situation that was close to collapse, the causes and the possible consequences. The section titled Pre-2008 on the Home Page will walk you through that issue.
II. In 2008 ETF’s were starting to get more popular. This started to allow individuals the ability to use a variety of ETF’s to build their own Long/Short Hedge Fund. With our hedge fund experience we believed we could provide input.
III. We wanted a platform to talk about Government, Politics, and Central Bankers, and the effect that those three entities were having on real growth and the markets.
On points I and III above, I believe we have done a pretty good job. On point II however, we believe we could broadly enhance content and will soon be offering a Strategy Session Subscriber option. Market calls and positions will be part of that option.
Back in 2008 the Macro backdrop to what was happening seemed to us to be:
- The US had 30 years of strong growth between 1945 and 1975, no doubt an outgrowth of the rebound from the 30’s depression and the fact that the US led the WWII War victory and rebuilding in the aftermath.
- In the 1980’s as growth slowed, economic technocrats seemed to take over the economy in an attempt to build growth on a new parameter. Those attempts had led to a number of Bubbles.
Now in 2016, we see the next few years as a challenge to wipe the economic slate free and make big changes in what will be a US led Global Economic Recovery in the next Macro Cycle starting in 2018. The Political turmoil we are seeing in the lead up to the 2016 Elections is just a peek at what grass-roots action will produce.
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