The bears picnic, page-4

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    I think hope is what keeps us going. Time is inexorably moving forward into the great unknown. History can serve as a diary of where our footsteps have trod and give some indication of what to expect, but it cannot predict the future with any great certainty.

    I am "hoping" that this period is simply the bow being pulled back before the arrow is thrust forward.

    There continues to be a tremendous amount of capital that is waiting to find a home. The bond yields are hopeless and so cannot provide a long term solution, specially if inflation raises its head.

 
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