I Think We're Going to See Multiple Contraction

We've become accustomed that stock markets don't go nowhere for ten, 20 years. But we've just spent 20 years with it just going in one direction,. apart from o eight, which now looks like a blip on the chart. And i think this is the one thing that could really change thingser. We still have quite a few years to go before the fourth turning is over. Er, but it's this kind of loss of confidence in, say, the fedral reserve and other institute os ander. Ogenerally speaking, i think the market has had quite a lot of confidence in the fets ability to manage this.

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