A diary of the thought process behind my investment decisions
Be Careful What You Wish For
The most bearish possible longer term outcome is stagflation. We have been on the road to stagflation as commodity prices have been rising and economic growth is slowing. While in the short run a continued drop in commodities would likely take the stock market lower it is probably the better longer term outcome. If stocks and commodities shoot off on another leg higher stagflation will almost certainly become a serious issue.