JAMES GLASSMAN INTERVIEW
3 July 2009 by Cullen Roche
2 Comments
Nice interview here with Glassman who is a senior economist at JP Morgan. He takes the other side of the trade from myself. He is quite confident that the economy is rebounding sharply. It’s always important to keep track of what the other side is thinking. It’s a big audio file so give it a few minutes to load:




Someone working for JP Morgan has a conflict of interest when it comes to predicting the future of the economy for the public. JP Morgan probably has a lot of money invested in the stock market. And if they want to sell their shares now. Then one good way to find buyers at good prices is to talk up the economy and the stock market.
I don’t think any economist can know the future for sure. But one thing to keep in mind is that a lot of these economists working for big financial firms have failed completely to predict the collapse of the housing market and the economy. They were optimistic in the face of complete disaster. And now I don’t see how they can have any credibility at all.
Is this the same James Glassman who co-authored “Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market” in 2000?