Monday, June 02, 2008

Interesting perspective on the Economy.

For those of you who missed it over the weekend, there was a interview/article in the Wall Street Journal about Barton Biggs, the chief investment strategist at Morgan Stanley, stating that the worst is over for the Economy and Stocks. With all the Doom and Gloom out there (see my post from May 29) it is encouraging to see this positive perspective. I tend to believe that perception is reality and if that is the case a few economist who see the scales tipping more favorable would be good. He does raise a cautionary signal on crude, one which I have been pointing out for a while. I think the Fed is also well aware of this and will do all it can to prevent it from happening.




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