prompting some to ask if the u.s. stock market reflects reality in the economy. let's talk aboutke)9 this doomy scenario. matt mccall is author of "the next great bull market," appropriate title for us, dan -- matt, and daniel schafer, president and ceo of schafer asset management. matt, obviously, you don't agree with the doomsday scenario, dan, you do have concerns. let's start with your concerns. why do you feel perhaps we are heading for something that doesn't look good whether it's the stock market or the economy? and we realize those are separate things. >> i'm not looking at a doomsday scenario, i'm looking at a slow drip down of our economy going into the deflationary depression. we're in the early stages now. the reasons i say this, one of them is they're 40-year cycles. you go back to the '70s, we had an inflationary depression, the '30s was a deflationary -- so that's the first cycle i look
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