Zeev's Turnips Talk Politics (ZTTP)

[Rawnoc]

Nah, just study history and research what this recession is based on. I don't wishful think -- I was screaming my head off and shorting the Bejesus out of the housing and financial markets for 2 years.

Now I think it's just a large panic right now -- almost entirely psychological. There were no inventory buildups or much optimism except in housing prior to this recession unlike virtually every other recession. A recession tends to be a working off of excesses, something we didn't have outside of housing.