Although some seasoned prognosticators are sounding rather upbeat these days -- see "From Bear to Bull: James Grant on Recession and Recovery" and "Tim Bond Reckons the Real Risk Is on the Upside" -- others are less sanguine.
In "Must See Interview -- Julian Robertson: 'We're Going to Pay the Piper,'" The Pragmatic Capitalist points us to cautious comments from one old hand who believes there's still plenty to worry about:
Julian Robertson of Tiger Management called the recession and the following rally. But he’s turning more cautious and now believes we could see a huge spike in interest rates and a potential double dip recession.
Part 1 on our macro problems:
Michael J. Panzner Editor, Financialarmageddon.com
Also by Michael J. Panzner
Michael J. Panzner is a 25-year veteran of the global stock, bond, and currency markets and the author of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, published by Kaplan Publishing.
