A New Bull or a Bear Market Rally?
Posted by Larry Doyle on May 17, 2009 9:02 AM |
Are we entering the initial stages of a bull market or experiencing a bear market rally? Does our economy have the requisite liquidity to finance the deficit or is the liquidity trapped by embedded losses in the banking sector? Will tax revenues be sufficient to address municipal obligations? Ultimately, what does it all mean for our economy and the global economy.
As we enter the ‘Brave New World’ economy, I believe it is critically important we revise our mental approach to the economy and markets. I share the concerns voiced in this piece. If nothing else, Jensen’s detailed analysis provides insights into the hurdles we face as we try to move forward. I hope it helps you navigate your personal economic landscape.