Storm Cat

John Hussman: Wishful Thinking

" ... while the poor grew wages which were destroyed by inflation"

Kindly show some hard data to support this sweeping, unsubstantiated, off the cuff remark.

"In both cases, low capital costs and free trade made it easy to move machines and destroy equity capital .... The fact that today most of American manufacturing companies are debt bombs is hardly a coincidence"

How can you make a statement like this without referencing the outrageous salary and benefit costs imposed on American manufacturing by Unions?


"For myself, I see no real reason why unemployment can't go to 20%. The only real justification is that drops in the past were followed by expansions."

I'm not even sure what this means

Our reserve currency status is over.

You are incorrect. Our reserve currency status will remain in place until we are no longer the world's dominant military power. Do some research and you will find this is typically the case.

"GE may have leveraged up too high but they also pissed away their equity by buying shares and paying dividends. There's little reason to believe it'll be different this time."

These two sentences don't even belong together. The GE statement is a nonsequitur.

Why did I bother to pick apart your comment? Because I'll never get back the 30 seconds I wasted reading your incomprehensible post.