Instead, consider this. This period includes nine bear markets and nine recessions. The fog will lift and the sun will shine again. In America, it always does. Because this country has more economic freedom than virtually any other nation in the world.
More freedom leads to more entrepreneurship, growth and wealth.
And there is no better barometer for the value of business and the outlook for wealth than the stock market. In particular, there are four major economic freedoms that sustain wealth and growth. The depressionary 1930s were wracked by monetary deflation, exorbitant tax-rates and tall trade barriers. These were the worst two stock market decades of the 20th century. From 1929 through 1939, large cap stocks declined one-half of one percent per year.