clipped from: www.fivecentnickel.com In response to my previous post about when the recession will end, a reader named Neal wondered aloud if we’re entering a new paradigm — one in which the old economic rules no longer hold.
While I understand where Neal is coming from, I’m always hesitant to jump on board when people claim that the rules have changed. Remember the late 1990s, when stock prices just keep going up, up, up as we approached the pinnacle of the dot com boom?