Topic: How To Invest

What is Pat’s commentary for the week of June 23, 2015

Article Excerpt

Throughout history, many nations have achieved great wealth and power, if only temporarily. These periods of military and/or financial success can lead to regional or global success. They can last a long time or a short one, but none lasts forever. Both beginning and end are erratic and unpredictable. The timing of both the rise and the fall surprises a lot of observers. Tiny countries like Holland, England and Portugal had their moments of glory. Huge countries like China and India had periods of great success, followed by weakness and failure. Many people now think the U.S. is coming to the end of a dominant period. Some delight at the thought, others despair. Something like this also happens in the stock market, on a shorter time scale. During these times, the stock goes into what we think of as “the broker/media limelight.” Bombardier Inc. started out in Quebec during World War II as the inventor of l’auto-neige—the “snow car” in English…