Zero Hedge is looking for signs of a dead cat bounce. Roubini says we have a Mini Storm of events, Thoma says we are doing a landing. What is the big issue?
Does the global economy have enough bandwidth to do a smooth correction? I think the answer is, well, we can't fall that far. Think of a transmission, we might take a dip into first gear, but we all believe the real jump is from third to second. Market bears are evenly split, and they ain't that far apart anyway. And its not like Congress isn't practiced in the art of brinkmanship. Oil really is stable.
They talk about Black Swans. Here they are: Western drought causing food shortages. Another two polar vortexes and heating energy becomes dangerously short.
Technically all the terms are about bandwidth, are we efficient enough to act timely to events.
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