OF THE
TIMES
"Political correctness does not legislate tolerance; it only organizes hatred." - Jacques Barzun
"I believe that political correctness can be a form of linguistic fascism, and it sends shivers down the spine of my generation who went to war against fascism." - P. D. James
"Because we value tolerance ... we have to listen to those who presume they can rewrite history within the confines of their own notion of what is politically, culturally and morally correct."
There are plenty of reasons to relax, especially if you are a U.S investor. Here are the top two:
1. America's economy is still in good shape.
2. Staying in stocks pays off. Since World War II, investors who remained in stocks for at least 15 years made money
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Right now, the U.S. economy is growing. It's not rock star growth, but 2% to 2.5% a year is good, and the Fed is being very cautious.
More importantly, businesses are still hiring. Over 2.3 million jobs were added last year (the latest data on hiring comes out Friday and it's widely expected to show more jobs added).
Comment: Even assuming that fracking does only 'occasionally' produce major earthquakes, shouldn't those risks be considered? As usual, the industry prefers to sidestep the real issues while attempting to quiet any debate. What about the ongoing minor seismic events, to say nothing of the many other environmental impacts and the negative health consequences residents face along with the contamination of water supplies, if they have any water at all.