Comments
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.


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December 8th, 2009 at 8:19 am
I’m all for it. Why? Because the last decade has demonstrated that global labor arbitrage is in full force and without gimmicks like bubbles and borrowing, the diminishing of the middle class in the U.S. is a given, leading to economic stagnation or decline. And the market should reflect that.
But the ability of markets to diverge from reality for extended periods cannot be ignored (e.g. dot-com mania), so I’m skeptical of crash predictions.
December 8th, 2009 at 9:03 am
This bull run or whatever u call it sure looks like a set-up to me. At some point the banks will want to dump all the crap loans they have to offset the gains they have made in trading. March or April of next year could be the start of equity sales to take advantage of the lowest possible capital gains tax rates.
December 11th, 2009 at 3:48 pm
[...] 80% chance of market crash by next year? (John Hussman) [...]