Hussman’s opening two paragraphs knocked me off my chair. Marvelous.
http://www.hussmanfunds.com/wmc/wmc090824.htm
A short excerpt from the piece…
“Meanwhile, Harvard economist Martin Feldstein (who was the likely alternative for Fed Chairman when Bernanke was appointed) noted last week “I think we’ll see a positive number in the third quarter, but what will it be driven by? Fiscal stimulus, Cash for Clunkers, and some inventory building. But the question is what happens next – in the fourth quarter and into next year – and I think there’s a real danger of a double dip.””
