Words from the Wise: Gone Fishing (in Switzerland)
I find myself in the Swiss Alps this weekend, spending a few days with my family in the picturesque village of Veysonnaz. While tranquillity reigns and the family delights in having my attention for a change, the bad news for readers is that “Words from the Wise” is taking a break this Sunday.
As a substitute for the weekly review, I have obtained the necessary permission to republish a fascinating discussion of Kate Welling (Weeden & Co) with Albert Edwards and James Montier of Société Générale. They are, in a word, skeptics, and at this juncture most deeply skeptical of any and all notions that “the worst is over”. The article will be up on the site by the time you read this message and should give you plenty of food for thought.
The normal blogging service will be resumed later this week as I head back to Cape Town and my usual research resources.
For my American friends, I hope you have had a great fourth of July and enjoyed the fireworks. It would not surprise me if we also have some fireworks in the stock market this week.
Source: Chip Bok, Slate, July 3, 2008.
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