Worldview Investing - Ruminations on the World Economy

The Fed assures us that the major US banks are in good health and have passed rigorous stress tests that ensure taxpayers will not have to bail them out yet again at the next financial crisis. The banks’ health is critical to the US economy. When they are stressed their ability to lend to corporations and individuals is severely restricted and the economy quickly suffers.

We want to be able to retire with enough money to support ourselves in reasonable comfort. That means saving relentlessly over the years. It also means anticipating the financial threats that face us now and in the future. We must correctly identify our enemies.