It has been some time...

...since I last posted.  What with world events being so vexing, why was this so?

The answers are coming, dear readers.

But for now, let us ruminate on the trivial observation that the past 60 years of market data was formed from a historical period of truly remarkable peace.  The theories and assumptions derived form this period are similarly pollyanish in assessments of future market behavior.

Kinetic war will not be the cause of the next conflagrations.  This is wonderful news for absolute living standards.

Relative living standards, "not so much" as the colloquialism goes...