tag:blogger.com,1999:blog-5465015914589377788.post8075014389081972949..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Maximum Pessimism may not be here yetMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5465015914589377788.post-24017892471038906942009-02-18T05:40:00.000-05:002009-02-18T05:40:00.000-05:00The problem with predicting maximum pessimism is a...The problem with predicting maximum pessimism is a real one - which bungee cord is one talking about? Is it the severe recession and then bounce back bungee, which means one magnitude of decline in real economic activity and consequently of markets. Or is it an end of an empire (American) bungee, which can entail a many orders of magnitude greater lower and duration bungee? <BR/><BR/>Some well-argued blogs like Mish's http://www.globaleconomicanalysis.blogspot.com/<BR/>seem to feel it's the latter, in which case the pessimism we see today is of the optimistic sort. Gotta say I'm starting to look into gold!CanadianInvestorhttps://www.blogger.com/profile/05645767559302303541noreply@blogger.com