by Dave Gonigam
“Is it just me or is the next market correction taking way longer than it should?” said a recent note we got from a friend. “In other words, have the powers that be figured out how to keep the music playing better than ever?”
It’s a great question. So much is riding on the answer. Late last year, a reader wrote in with a variation on the theme: “Kill and burn a goat, let’s get this show rollin’.”
The question and the answer are so important we’ll spend this entire episode of The 5 tackling a single subject — something we haven’t done in well over a year.
Let’s begin with a point we can all agree on: The United States has been in a persistent economic funk ever since the Panic of 2008.