It is probably better to inherit an economy when it is near the lows in the economic cycle than when it is near the highs of the cycle.
Think about the economic growth for Reagan and Clinton. Think about the economic woes that hit Bush 1 and Bush 2.
Check out the Bloomberg column. I'd link to it, but the iPhone doesn't do cut and paste. Maybe we are about to launch into a mighty bull market.
Nobody seems to be expecting that.
Tuesday, January 20, 2009
Big Rally to Follow inauguration Day Collapse?
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