[norwaypinesavage]

Look around, anywhere there are people, you will see wealth. The wealth is in the buildings, cars, businesses, and homes of the people. Without wealth, there would be nothing but trees, prairies, and subsistence farming plots. That wealth has grown at a rate greater than 7.5% since before 1776. It has grown that fast because the US government has allowed its citizen to acquire wealth. Investing in that wealth creation has such a great return.

We have now seen what happens when the government tries to simply divide that wealth equally among its citizens. IT STOPS GROWING. What had been a nearly guaranteed return close to 10% is now stagnant near zero. The choice is quite simple: allow those who create wealth to keep some of it, or condemn all to equally distributed poverty (except, of course for the corrupt bureaucrats who administer the distribution).

[EVO X]

I read the weekly commentary of John Hussman who runs the Hussman Funds. He says the stock market at these levels are likely to have close to zero gains over the next 10 to 12 years. Not good for people with 401K’s if he is accurate.