nice cogs. ouch...
hi marty, good to see you've come home.
one problem i have with your forecast this time around is the sudden surge of optimism at street level of late.
in the last few weeks i have witnessed a surprising reversal taking place. alot of the weaker (debt ridden and poorly managed) hands have folded, leaving the stronger participants with functional models and blossoming confidence.
retailers feel like they have survived the worst. the property cascade has not eventuated. commerce continues, and joe public no longer fears the end of civilization.
hardly the backdrop for such weakness.
the prophets of doom on both the left and right have tried very hard to scare all us common middlemen into blind paranoia, and it has failed at every level.
we seem to be growing in confidence, even if we are forced to do so with fewer bells and whistles.
people are beginning to cotton on to the fact that a good $10 bottle of wine tastes better than a bad $10,000 bottle of wine, and all the bad bottles are being cast aside in favor of a stronger, and perhaps slightly more ethical foundation.
i say the worst is over.
i could post a chart that supports my claim, but i don't think it would be worth the pixels it is printed on.
so instead, i will just say i disagree
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