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Is Mr. Altucher always this breezily dismissive of opposing views? Yes, we've strung together a some positive numbers. But I don't see anything in his work-up
by chernevik 15y ago
Is Mr. Altucher always this breezily dismissive of opposing views?
Yes, we've strung together a some positive numbers. But I don't see anything in his work-up on leverage levels, housing prices, or the possibility that growth to 2007 was hyperinflated. Nor anything that the current numeric improvements are generated by unsustainable fiscal and monetary policies. Greece is significant not for its own significance but the question of just how edge its particular case is or isn't.
Now maybe he's right about the overall direction. But there are excellent reasons to think we may be on the edge of turning a number of long-term trends and deeply embedded assumptions. If you're going to declare that the attention to Greece is simply a matter of hype to sell stories, and the Kardashians are more interesting -- well, yes, some people will find that annoying.