Posted by: The Elephant Owner in Economics on May 28th, 2010
I don’t agree, but he wants us to remind James Altucher (A computer geek) about his prediction:
The debate is over, it’s already been a V, now the question is, does it continue? I think it does
He thinks the rebound will continue and by the end of next year the S&P will be a new high levels.
What is he missing? Unions are being strengthened. An aging population and government pensions will drain money away from wealth growing investments.
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