“UGLY”
29 July 2010 by Cullen Roche
4 Comments
“Again, some analysts have suggested that we are only dealing with a slowdown in the growth rate of the WLI. This is not accurate. We’re observing a sharp contraction in the leading index itself. But just for fun, the chart below shows the 13-week change in the growth rate. This would clearly go into the file labeled “Ugly.”







Entire article is definitely worth reading, especially the section on the Fed engaging in fiscal policy.
agree – great article!
The one thing about Hussman is that he gets it and spells it out in plain english the problem we are facing. Unlike Barton Biggs who flips a coin.
Hussman is seriously good – up there with TPC as the best in the business!