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you can find pro and con arguments. The secondary point of the thread is that your model of the world can turn upside down in no time regardless of what you think.
Agreed, totally unpredictable. I don't want to overextrapolate from trends, but Europe has been doing that type of thing to itself for all of history, whereas Canada, United States, and Australia have not. I think this partially explains the latter's superior equity returns.
