Today I read an article on the Web that I wanted to share because it jibes pretty much perfectly with my vision of the near future for this country, particularly in relation to its economic, social and political status. It’s not a pretty picture. But it’s what I see ahead.
The piece was written by Doug Kass, a hedge fund investor and contributor to TheStreet.com, who is one of the stock market and economic commentators I admire the most. At the end of every year, Kass fearlessly gives out his predictions for the following year, and they have proven to be eerily accurate (despite the fact that most of them are what I would consider somewhat extreme). He correctly predicted the current economic crisis, the rise in commodity prices, the fall in the dollar as well as the crash on Wall Street. He’s not always right (earlier this summer, he called for a trading bottom in financial stocks that was waaayyy too early) but his track record is amazing.
Enjoy … (well not really, but read it anyway)
Recent Comments