David Stockman, President Reagan?s budget director, has been making the media rounds lately with an outlook so bleak, the sole conclusion is that investors should liquidate all their investment holdings and flee to cash. Though we generally agree with Stockman?s situation analysis we believe his conclusion is wrongheaded.
David Stockman, President Reagan?s budget director, has been making the media rounds lately with an outlook so bleak, the sole conclusion is that investors should liquidate all their investment holdings and flee to cash. Though we generally agree with Stockman?s situation analysis we believe his conclusion is wrongheaded.
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