CaliforniaMan
Full time employment: Posting here.
A big part of what we will be able to withdraw from our portfolio will be based on the big unknown of the future US economy.
We can all probably agree that the 20th century was a relatively good one for the US compared to the other developed countries of the world. In spite of two world wars, the great depression, and all the other struggles during that century, the US came out pretty well, and many would say on top.
Now we are into the second decade of a new century, and my question is what general direction do you think the US economy is headed long term, or at least over say over the next 10 to 15 or 20 years.
I am sure there are a lot of people here who have given some thought to this, myself included. Of course NONE of us can KNOW, but that is not the question. Rather, based on your experience and insight what is your current judgement. Is there a consensus or are we spread all over on this issue?
We can all probably agree that the 20th century was a relatively good one for the US compared to the other developed countries of the world. In spite of two world wars, the great depression, and all the other struggles during that century, the US came out pretty well, and many would say on top.
Now we are into the second decade of a new century, and my question is what general direction do you think the US economy is headed long term, or at least over say over the next 10 to 15 or 20 years.
I am sure there are a lot of people here who have given some thought to this, myself included. Of course NONE of us can KNOW, but that is not the question. Rather, based on your experience and insight what is your current judgement. Is there a consensus or are we spread all over on this issue?