[John.Galt2012]

Obviously this guy is an Obama hater. We are well on our way to recovery./s

[Salvey]

Yes, even though he’s a co-religionist of obama, he has the guts to contradict the pretender.

[Bean Counter]

Only 10%?? I think this fellow is wildly (and close to irrationally) optimistic....to put it politely...

[LibLieSlayer]

"Stocks will drop 10 percent in the space of three or four weeks, though he’s not predicting when."

They will drop by a factor larger than 10%.

■"The unemployment rate will be hovering above 8 percent a year from now."

The manipulated and deceiving unemployment numbers used by the government will themselves show 12 to 14% unemployment rate next year.

"■US gross domestic product will grow at an average of 2 percent or so for years - a third slower than we’re used to."

We will have several years of no growth... a shrinkage... like hussein's manhood when compared to Bush's.

LLS

[jwparkerjr]

I am not an economist, or anything even close to being well-schooled in matters of the economy, but I see this guy's projections as a from of damning with faint praise. Surely he jests.

I am convinced from a lifetime of observation that the laws of economics are as concrete as those of physics, just a lot slower to exert themselves. I don't think we can avoid a major worldwide depression at this point than we could avoid falling to our deaths from jumping off the 30th floor of a building.

[FromLori]

ping not my article but should note and here is related story

http://news.yahoo.com/s/ap/20091227/ap_on_bi_ge/us_markets_sugar_high;_ylt=ArYaC2hS7k9cVXE1M5M.Gx2s0NUE;_ylu=X3oDMTNwbHNrNmtwBGFzc2V0A2FwLzIwMDkxMjI3L3VzX21hcmtldHNfc3VnYXJfaGlnaARjY29kZQNtb3N0cG9wdWxhcgRjcG9zAzUEcG9zAzIEcHQDaG9tZV9jb2tlBHNlYwN5bl9oZWFkbGluZV9saXN0BHNsawNzdG9ja3NoaWdoZXI-

[uscabjd]

For what it’s worth, my investment guy, a Rep with great academics (former USAF pilot) expects inflation and for stocks (and hard assets) to go up. He says buy. In the course of one day, we can read every sort of opinion here - boom to doom and gloom. Is the answer to stop reading?

[Buckeye McFrog]

I highly doubt that unemployment will be 8% a year from now
(unless they flat-out cook the books, or create the largest Government Busywork Makejobs program in all of human history)

[blam]

This will do it.

China On The Verge Of A Great Crash And Its Impact On Crude Oil Price

[Sgt_Schultze]

Here's Karl Denninger discussing the unknown "buyers" of the bonds supporting the obama spending.

[MeneMeneTekelUpharsin]

Bump for “I’ll believe it when I see it.” reference.

[April Lexington]

If I'm not mistaken, I heard that this guy was responsible or something for cratering Harvard’s endowment fund or something. Then, or something, he shows up at PIMCO. It proves the theory that some people can circulate in the upper levels for quite some time... Who would believe a word this guy says? And, while I'm ranting, that Gross guy is creepy to listen to.

[John.Galt2012]

read later

[GOPJ]

Stocks will drop 10 percent in the space of three or four weeks, though he’s not predicting when.

Ummm, as soon as the Street gets a whiff of inflation?