Everyone is acting like this huge bear market was so obvious. Even in the 1990 bear market we had negative GDP, double digit unemployment, and much more inflation, and yet the losses were only 20%. This bear market is twice as deep without any of those. It defies logic.
Something really bad is being discounted. Maybe a 70's era recession? 2 decades of no economic growth? I dunno.
Something really bad is being discounted. Maybe a 70's era recession? 2 decades of no economic growth? I dunno.
