If I am right, if a more cautious strategy is what investors truly need, then should government do its best to encourage Safety-Net-style portfolios?

FORBES: You're on Your Own

Ah, but in one crucial respect, during this recession the US has moved much closer to having a Euro-style social safety net.

FORBES: The Rise in Structural Unemployment in the US Recession

And what I fear is that the Great Recession has moved the US towards European levels of structural employment, without any kind of Euro-style social safety net.

FORBES: The Rise in Structural Unemployment in the US Recession