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A comment on How Sick Is the Stock Market?. Parent comment
Yes, that was the basis of my analogy. I do indeed think those situations are similar for that reason.
> But a long term downward trend in the stock market? Means death for a nation's economy.
Well, you're forgetting the idea of a steady-state stable non-growing non-shrinking economy, which is one possibility (see spain: https://www.google.com/finance?q=MADX%3AIND&ei=p5LcVYr0EI6S2...)
But even talking about down-trends, I think "death" is a bit strong. It could also indicate a gradual transition to a lower stable position. Plenty of economies survive at small sizes.
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Yes, that was the basis of my analogy. I do indeed think those situations are similar for that reason.
> But a long term downward trend in the stock market? Means death for a nation's economy.
Well, you're forgetting the idea of a steady-state stable non-growing non-shrinking economy, which is one possibility (see spain: https://www.google.com/finance?q=MADX%3AIND&ei=p5LcVYr0EI6S2...)
But even talking about down-trends, I think "death" is a bit strong. It could also indicate a gradual transition to a lower stable position. Plenty of economies survive at small sizes.