Day

May 9, 2009

The Age of Scuffs, Dents & Bruises

The “No Name (Yet) Recession” As previously alluded to (“Recession Name Game“), the current economic mess has yet to be definitively named. In fact, pundits can’t even agree on whether what we’re experiencing is a Crash, a Recession, or a Depression. (First get the nouns right, then the adjectives will fall into place.) So, while...
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Grantham’s Latest

Grantham Sounds the All-Clear (Sort of) Bubbles in global profit margins, risk premiums, and U.S. and U.K. housing prices . . . have thoroughly burst and are in their overcorrection phase with the single exception of U.K. house prices, which I’m confident will do their duty. –Jeremy Grantham, “The Last Hurrah and Seven Lean Years“;...
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