I am a big fan of John Hussman. His recent article, “The Rubber Hits the Road”, hits my thoughts exactly. The Fed and our government through a massive amount of stimulus at the economic downturn. However, this only provides a short term fix. The underlying structural problems still exist and will manifest itself at some point. Anyway, this is a great read.
Another reason I like this piece by Hussman is he goes after CNBC and its uber-bullish, short term approach. He takes aim at the CNBC chief entertainer – Jim Cramer.