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EconProf
ParticipantJim Grant has a long and envied reputation of being right. His lengthy article is detailed and persuasive. Most of all, I like it because it is well-grounded in history and facts.
One of his key points relevant to today’s cycle is that the bigger the fall, the bigger the recovery. He doesn’t quite promise a v-shaped recovery, but comes close to it. His point that the decline contains the seeds of the recovery is compelling. Those seeds today include inventory replenishment, bargain-hunting at today’s lower prices, and fiscal and monetary stimulus.
It is getting harder and harder to argue this economy has another leg down what with the stock market bounce-back, the clear green shoots in the housing market, and the repair of credit markets evidenced by narrowing spreads.ParticipantJim Grant has a long and envied reputation of being right. His lengthy article is detailed and persuasive. Most of all, I like it because it is well-grounded in history and facts.
One of his key points relevant to today’s cycle is that the bigger the fall, the bigger the recovery. He doesn’t quite promise a v-shaped recovery, but comes close to it. His point that the decline contains the seeds of the recovery is compelling. Those seeds today include inventory replenishment, bargain-hunting at today’s lower prices, and fiscal and monetary stimulus.
It is getting harder and harder to argue this economy has another leg down what with the stock market bounce-back, the clear green shoots in the housing market, and the repair of credit markets evidenced by narrowing spreads.ParticipantJim Grant has a long and envied reputation of being right. His lengthy article is detailed and persuasive. Most of all, I like it because it is well-grounded in history and facts.
One of his key points relevant to today’s cycle is that the bigger the fall, the bigger the recovery. He doesn’t quite promise a v-shaped recovery, but comes close to it. His point that the decline contains the seeds of the recovery is compelling. Those seeds today include inventory replenishment, bargain-hunting at today’s lower prices, and fiscal and monetary stimulus.
It is getting harder and harder to argue this economy has another leg down what with the stock market bounce-back, the clear green shoots in the housing market, and the repair of credit markets evidenced by narrowing spreads.ParticipantIf true, this will be a very big blow to San Diego’s economy and real estate market, since these people are high-paid and a lot of auxiliary businesses connected to SAIC will leave too.
Much of the blame must fall on the liberal, anti-business atmosphere of CA. Our high state taxes combined with silly regulations will continue to drive out businesses and the middle and upper classes to friendlier states.
SD Realtor: would the hardest hit neighborhoods be around RB, RP, Scripps, etc.?ParticipantIf true, this will be a very big blow to San Diego’s economy and real estate market, since these people are high-paid and a lot of auxiliary businesses connected to SAIC will leave too.
Much of the blame must fall on the liberal, anti-business atmosphere of CA. Our high state taxes combined with silly regulations will continue to drive out businesses and the middle and upper classes to friendlier states.
SD Realtor: would the hardest hit neighborhoods be around RB, RP, Scripps, etc.?ParticipantIf true, this will be a very big blow to San Diego’s economy and real estate market, since these people are high-paid and a lot of auxiliary businesses connected to SAIC will leave too.
Much of the blame must fall on the liberal, anti-business atmosphere of CA. Our high state taxes combined with silly regulations will continue to drive out businesses and the middle and upper classes to friendlier states.
SD Realtor: would the hardest hit neighborhoods be around RB, RP, Scripps, etc.?ParticipantIf true, this will be a very big blow to San Diego’s economy and real estate market, since these people are high-paid and a lot of auxiliary businesses connected to SAIC will leave too.
Much of the blame must fall on the liberal, anti-business atmosphere of CA. Our high state taxes combined with silly regulations will continue to drive out businesses and the middle and upper classes to friendlier states.
SD Realtor: would the hardest hit neighborhoods be around RB, RP, Scripps, etc.?ParticipantIf true, this will be a very big blow to San Diego’s economy and real estate market, since these people are high-paid and a lot of auxiliary businesses connected to SAIC will leave too.
Much of the blame must fall on the liberal, anti-business atmosphere of CA. Our high state taxes combined with silly regulations will continue to drive out businesses and the middle and upper classes to friendlier states.
SD Realtor: would the hardest hit neighborhoods be around RB, RP, Scripps, etc.?ParticipantMichael Moore has been caught with too many falsehoods in his “documentaries” to be taken seriously. He pioneered in gotcha media, but misled and outright lied on too many occasions. I tend to tune out such idealogues, whether of the left or right.
ParticipantMichael Moore has been caught with too many falsehoods in his “documentaries” to be taken seriously. He pioneered in gotcha media, but misled and outright lied on too many occasions. I tend to tune out such idealogues, whether of the left or right.
ParticipantMichael Moore has been caught with too many falsehoods in his “documentaries” to be taken seriously. He pioneered in gotcha media, but misled and outright lied on too many occasions. I tend to tune out such idealogues, whether of the left or right.
ParticipantMichael Moore has been caught with too many falsehoods in his “documentaries” to be taken seriously. He pioneered in gotcha media, but misled and outright lied on too many occasions. I tend to tune out such idealogues, whether of the left or right.
ParticipantMichael Moore has been caught with too many falsehoods in his “documentaries” to be taken seriously. He pioneered in gotcha media, but misled and outright lied on too many occasions. I tend to tune out such idealogues, whether of the left or right.
ParticipantDavelj: Great insight; you are soooo right.
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