From The Pragmatic Capitalist:
Two great pieces this weekend from John Hussman and William Hester at Hussman Funds. I would highly encourage readers to take a moment to read both pieces in their entirety.
John Hussman's piece attacks a topic we recently covered – the coming wave of mortgage resets that will create further headwinds for housing.
Hester's piece shows how the leading indicators of the economy are far from justifying the v-shaped recovery theory – a view the ECRI would vehemently disagree with. With large secular risks still at play and valuations stretched...
Read full article...
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