Friday, August 11, 2006

Predictions of doom are usually correct

One of the facts which so many forget that is that what goes up, must come down. The booming stock market, drops. The surging housing market will inevitably collapse. Interest rates will go up and down. We live in a world of cycles. Not just predictable Kondratief cycles, but irregular cycles.

Those who are aware of this do well. Those who forget it, can run into trouble.

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