I hope you're right but I'm skeptical of any analysis that does not consider the underlying driver of our economy - consumers. This type of "Wall Street" view frustrates me because I see so many of my fellow citizens in dire financial straits. Their debt load is too high and their house is no longer an ATM. So, their only solution is to tighten their belts or default and start over. Either way their free spending days are over. EOM
-
I hope you're right but I'm skeptical of any analysis that does not consider the underlying driver of our economy - consumers. This type of "Wall Street" view frustrates me because I see so many of my fellow citizens in dire financial straits. Their debt load is too high and their house is no longer an ATM. So, their only solution is to tighten their belts or default and start over. Either way their free spending days are over. EOM
Mar 16 19:38 pm
|Rating:
0
0
All Comments by jimbomo »The End of the Bear Market? [View article]