Pettit didn't even hypothesize this. I've never seen him even comment on the equity markets. His blog and book are about the rebalancing of the economy. He does

Pettit didn't even hypothesize this. I've never seen him even comment on the equity markets. His blog and book are about the rebalancing of the economy. He doesn't predict what will happen, he just lays out three different scenarios that may occur. Read his blog http://blog.mpettis.com http://blog.mpettis.com