I’ve posted Entry #44 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called We Need to Discourage Bull Markets to Stabilize the Economy.
Juicy Excerpt: It is bull markets that causes investor fears. Bull markets are times of mass delusion and all investors possess a commonsense understanding that mass delusions never end well. So, once a bull market takes place, there is nothing that can be done to stop the souring of investor moods that always follows from a bull and the economic collapse that always follows from a souring of investor moods. The constructive thing to do would be to stop bull markets before they get out of control and thereby avoid the souring of investor moods that causes economic collapses.
Could ending recessions and depressions really be that simple?