Cheer up. These are the good old days (because it’s getting worse). I suppose I shouldn’t be flip. Get ready!
Outlook? Looking longer term, a worldwide financial implosion is coming. Sooner or later the greatest financial bubble ever engineered – the sovereign bonds bubble – is going to burst. Whatever else you do, have a plan for that.
See:
- Financial Units of Measure for Debt-to-GDP and whatnot.
- Market Indicators for determining buy/sell points.