Top Gun

A Long and Painful Consumer Slowdown - Barron's Interview

Guess you didn't get the memo - the real estate mega growth was caused by credit inflation and was not real growth. She was right, the powers that be manipulated us into growth. This time she realizes the Fed is doing the same thing now. What she is saying is what should happen, but as she says will be socialized away as best as our money printers can.

There is no such thing as investment any more. It's all just gambling. Some day we will invent and make new things, but that looks like a generation away.


On Dec 14 04:13 PM taojaxx wrote:

> I guess that person's track record is a good hint at the value of
> her current opinion: she's presented as bearish real estate in 2002,
> that is right ahead of one of the most bullish periods (2002/2006)
> in the history of the asset class.
> I too can predict 5 of the next 2 crisis.
> Just wonder how much she charges for the "macroeconomic research
> and commentary (she provides) to the institutional investment community".
>
> I don't mean to disparage anybody here and her guesses are probably
> as good as anybody's. What I appreciate in comments is the capacity
> to abstract from the immediacy to focus on the big picture.
> You can't do that by projecting the last five months into the coming
> five years. Mr. Market is smarter than that.
> Just my $0.02.