Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
Let blockheads read what blockheads wrote.
We always live in an uncertain world. What is certain is that the United States will go forward over time.
We're still in a recession. We're not gonna be out of it for a while, but we will get out.
We enjoy the process far more than the proceeds.
A public-opinion poll is no substitute for thought.
