A recent post I published on both Credit Writedowns and Naked Capitalism, “Both initial claims and continuing claims now pointing to recovery,” has left the impression that I am a wild-eyed bull – for which I have been duly smacked about the head.
This is far from the case. A recent post by Nouriel Roubini to which Marshall Auerback alerted me is very much in line with my viewpoint.
I would like to share snippets of that post with you along with some quotes from my own past posts and updated commentary to clarify how I see the economy progressing.
But, I also want to reiterate the point of NOT viewing the economy only through the lens of recent events, and of taking a measured, objective view of data.
Roubini’s post has the delightfully long title, “Green shoots or yellow weeds? A trifecta of risks to the early bottoming out of the recession and short-term economic recovery and to the medium-term actual and potential growth prospects of the global economy.”
more in:
http://seekingalpha.com/article/139336-more-thoughts-on-the-fake-recovery
Ruin-Nation
11 months ago
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