We are in a time when the pace of events seems accelerated. The high frequency of information conveys a sense of change and a felt urgency to respond. “This time is different” is the mantra for change that is both rapid and seemingly paradigm-shifting in nature. As a consequence, decision horizons may be compressed as the perceived cost of short-term indecision rises. A casualty of this accelerated pace can be the context of the long view. However, this context remains important. We turn here to the past 89 years. A perspective of this long view for some key economic and market measures can provide investment implications.
The Long View of Economic Activity
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