There is another - different in kind - model ...
Serious people are accumulating anger. Paul Krugman sees the nightmare of "zombie financial ideas" and Willem Buiter says: "It is not much, but knowing that you know nothing is the beginning of wisdom". All in all, desperation is close, as Paul Krugman is ready to go off-shore ...
It really looks like the wise men that are supposed not to make the mistakes, are making their own mistakes. As Samuel Brittan writes, almost all the measures are wrong, as demand matters . But Blankfeins cash-in...
The real economy is finding little or no footing so far ...
This was my best pick last year among hedge funds (I am still long), but do not dream and lower your expectations (the guy may be 100% right!).
Well, expect strong economic and equity market correlation in the years to come? It is not the time to play the hero ...
These days even "Oracle of Omaha" is swimming naked!
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