Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

"Most believe that the long nightmare that began in early 2000 is now over. I don’t. In my view, there was never an easy way out, especially as the authorities reacted to the popping of one bubble by creating other bubbles. The bill for speculative excesses and global imbalances has yet to be paid. As we peer into 2005, that’s the biggest risk of all.
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Dan...

As always, thanks for sharing your Roach.

I couldn't agree more with his final statement, quoted above, and my only quibble is over when the next shoe will drop. I am probably going to be wrong but I will stick with the view that the current "recovery" will end up as ephemeral and unsustainable, with more hype than long term substance. I expect trouble to begin in the first half of 2004 rather than waiting for 2005.

I hope I am wrong, though, and I am most certainly in a small minority.

Thanks again.

mlsoft