I disagree. Humanity only progresses so fast. If we get too much of a good thing we end up...well, where we're at, and you shouldn't expect us to now do anything but tumble to the bottom of the hill and then make all the same decisions we made last time we took a good tumble. We'll get overly conservative and shun anyone who even suggests playing around with derivatives, house-flipping or any stock with a PE over 15. "The trend is your friend" and the trend is down and will stay down until we are all taught a very valuable lesson, IMO.StilesBC wrote:We do have the ability to create wealth through technological advancement on massive scale that could cause major investment opportunities before the larger trend reasserts itself.
The generational dynamics that you read about here are much more likely to "create" wealth. Look at how "wealthy" we all became over the past two decades. This wasn't because of computers or the Internet, it was because we were playing games with our money; creating wealth by flipping houses and stocks as they became ever more expensive...and now they have become too expensive along comes a nice bout of deflation to take care of that. The computer was the tool that helped us to create the incredibly complex instruments of destruction, and they may be what makes this crash even worse than that of the 1930's.
--Fred