Since its launch in March 2005, City Club has strived to create a safe place for discussion and dialog. Like blind men touching an elephant, we each have our angle on truth but need each other, especially those with differing opinions, to better grasp reality.
The best strategy to create a Securus Locus, or a safe place, is by sharing our vulnerabilities, mistakes, and lessons learned from such experiences. Since I often wax philosophical on topics I am more curious than knowledgeable about, I’ll start by sharing that I made a wrong call last year on the state of the American economy. Given the backdrop of the pandemic, high interest and inflation rates, and the war in Ukraine, I had projected the market could drop by 15%. Instead, the market rose by 24%!
Now, at the risk of being labeled a Stoic, here is my take on the coming year, as I invite differing and opposing opinions so we can gauge better what might lie ahead…
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