I fully understand that the market is always "looking ahead," so I've never been confused aboute the prospects for the future.
But you make an excellent and unfortunate point that the large companies are and will in the future, thrive at the expense of the small guys who may never (?) be back. However, I would not underestimate the resiliency of an entrepreneur to re-engage in yet another venture. Often it's in the blood, regardless how many times one is beaten down... So those jobs too will come back, perhaps in a different shape..
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Record Rally Vs. Real Economy
I fully understand that the market is always "looking ahead," so I've never been confused aboute the prospects for the future.
But you make an excellent and unfortunate point that the large companies are and will in the future, thrive at the expense of the small guys who may never (?) be back. However, I would not underestimate the resiliency of an entrepreneur to re-engage in yet another venture. Often it's in the blood, regardless how many times one is beaten down... So those jobs too will come back, perhaps in a different shape..
A Month To Remember
thanks for addressing interest rates.