‘Acceptance Of The Unthinkable’

‘Acceptance Of The Unthinkable’

It's almost always possible to suggest that some asset, somewhere is a bubble. That simple observation gets lost in the daily deluge of financial commentary. We often chastise a handful of people for being "doomsayers" or "Chicken Littles," but they're just scapegoats -- the "usual suspects" we castigate as "permabears" to deflect from the fact that nearly all of us have (incorrectly) predicted a financial or economic calamity at some point. If we're honest, the list of folks who've warned of
Subscribe or log in to read the rest of this content.

4 thoughts on “‘Acceptance Of The Unthinkable’

  1. “The last sign of a bubble – excessive corporate and consumer leverage – has been transferred to the government,”

    Isn’t that a key difference? Corporations and consumers can’t print $$$. As our host, Mr. H, keeps pointing out, the US government isn’t limited by anything but the total productive capacities of the US economy, when it comes to spending dollars…

    but it’s true that these administered markets feel… wrong.Oh, that we could tax the rich and the top 10% to enable rates to rise again…

  2. A market bubble can keep inflating, until the underlying bubble-friendly conditions change.

    2022 looks set to be bubble-unfriendly, what with global monetary and fiscal tightening.

    Many charts are looking weak or worse, once you look past the mega-cap tech names.

    Transition from early-cycle recovery to next phase can be rocky for markets. I’m reminded of April 2010.

    December debt ceiling looms – is it mid-month now?

    Growth rates slowing as comps get tougher, margins have recovered, and low-hanging fruit is picked.

    How many PMs want to risk the performance they got 2021 YTD?

    I’m in de-risking mode.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints