BOOMERBUSTER

BOOMERBUSTER
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Thursday, September 14, 2017

CLASSIC 2014 POST SOMEONE SAW

Thursday, April 24, 2014

RE OVERSTREET

Summary

  • This market has all the characteristics of a strong bull: weak commodities, a wide yield curve spread, disinflation, P/E expansion, and counter-cyclical stock behavior.
  • This market and the crisis that preceded it is often compared to the Depression, but a far better comparison is the Roaring Twenties and the 1921 crisis.
  • That leaves us with three difficult questions to answer: when will this bull market end, what will the aftermath look like (Depression? Stagflation?), and do we have any policy alternatives?
  • The market will probably grow for a few more years, and the aftermath will probably be pretty grim, as our understanding of market forces has barely progressed since 1929.
I HAVE ANSWERS FOR HIS QUESTIONS:
When will this bull market end?
1. Sooner than you think.

What will the aftermath look like (Depression? Stagflation?)
2. Both.

Do we have any policy alternatives?
3. No.

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