Forget Inflation! Market Fundamentals are Appalling
Market Fundamentals are Appalling
As recommended by John Mauldin;
'Montier and Edwards speak quite forcefully about the problems they see in the market today, and they are truly Outside the Box thinkers.'
'They are, in a word, skeptics, and at this juncture most deeply skeptical of any and all notions that 'the worst is over.' The recession, which has barely begun, is more likely to be deep than shallow, market valuations are hideously expensive and the -flation policymakers should be worried about starts with de-, not in-. For their reasons, keep reading, if you dare.'
Here is a link that might be useful: Market Fundamentals are Appalling