Well it "only" took ten years, but the world is finally waking up to the reason I created this blog ten years ago - Globalization is a colossal failure. Yesterday, Trump and Sanders both came out against Globalization and *Free* Trade.
Way back in 1929 when that bubble imploded, it took 25 years until 1955 for stocks to regain their prior highs. That generation never owned stocks again in their lives. My grandparents never owned stocks and never borrowed money. In the past 15 years, as we see above, we have had three bubbles each separated by a "V" shaped bottoms. These "instantaneous" stock market recoveries have conned the sheeple into believing that stocks should be held through thick and thin. What they fail to recognize is that each recovery, represented by the Fed Funds rate (red line) has been weaker and weaker. Meaning that more and more people have been going under the bus with each iteration of CasinoNomics.