Those familiar with this blog know that I believe (based off of my overall analysis) that our current purported economic recovery is not sustainable.
As I have indicated in previous writings, we as a nation need to be more “strategic” in nature if we are to attain true Sustainable Prosperity.
One critical question that we should be asking, from a strategic standpoint, is what is the value of a recovery if it is not sustainable? The answer is that there is very little if any value to such a recovery. In fact, a very strong case can be made that there will be strong negative repercussions stemming from such an unsustainable recovery.
Another issue, from a strategic standpoint, is one of opportunity cost. The opportunity cost of attaining a recovery that subsequently fails vs. a true sustainable recovery is enormous. This is especially true in our current economic environment where many factors such as the national debt are at truly ominous levels.
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SPX at 1165.42 as this post is written