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this is not a 4-year run, this is a 25-year, soon to be 30-year bull run.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Sun May 27th, 2007 at 04:37:43 PM EST
good point.  I was paraphrasing from the article:
But as the last four years have shown, you also have to allow for the possibility, or perhaps probability, that the world as we know it isn't ending
 I believe he is dating back to Q1 2003 when the S&P 500 (and I believe many world markets) started a strong upward movement, after a tough period following the 2001 US recession, that has continued with only minor and temporary setbacks.
by wchurchill on Sun May 27th, 2007 at 05:09:01 PM EST
[ Parent ]
The world... as we barely knew it... will end.

I mean, the 25 years episode of "right" economic ideology, coinciding with maxed availability of energy resources, will not last much longer. The financial system cannot keep up with adopting to itself. The snag is that people already forgot the "normal" world of before, especially strongly assuming it was the same as now. We will rediscover a lot.

by das monde on Sun May 27th, 2007 at 11:23:08 PM EST
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