by Simon Black
Have you ever noticed how it seems like the public can only handle one major issue at a time?
Ten years ago it was terrorism. Then it became the war in Iraq. Then anthropogenic climate change became all the buzz. Then gas prices went through the roof and people forgot all about the environment.
For the past few years, it’s been the ‘global financial crisis,’ or as I prefer to call it, the end of the grand fiat experiment.
The market, likewise, has an equally limited attention span, and investors seem capable of focusing on only one crisis at a time. For the past few years since the euro crisis broke, attention has shifted regularly… primarily between fiscal woes in Europe, and fiscal woes in the United States.