Barry Ritholz, CEO of Fusion IQ and writer of The Big Picture blog, discusses the upcoming election year, the outlook for the U.S. economy and what may be in store for Europe in 2012.
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2014 – 2016 for the next secular bear market. I’m in Barry’s camp; these deleveraging cycles endure a long time.
we have been in a secular bear market since ’99….if you look at a DOW chart.
they last 14-18 years.
we will get farrr more than a deleveraging workout…..we will get a financial system reboot.
the credit/debt bubble of the last 40 years finally comes to its slow motion train wreck.
the kress and kondratief cycles, basic TA chart analysis, my gut and even the mayans,chinese and hopii indians can’t all be wrong.
the winner of the 2012 presidential election will go down as the worst president in history, mostly just by being on the scene.
i can only hope it’s obozo.