Zeev's Turnips Patch-No Politics (ZEEV)

[mish]

I am very aware of Mauldin's views. And I have written him.
He is a good writer but most of what he does is read roach, read the other side of the coin, quote everyone state the case for muddle thru and give himself an exit if there is an oil shock, a housing shock, or this or that.

Well is we have no shocks at all perhaps we do muddle thru. But how likely is that?

Mauldin nor anyone else has answered my question on jobs.
Without jobs, I do not think we muddle thru. Even with jobs we might not, if there are lower paying jobs with little benefits that cause the consumer to clam up.

M