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November 4, 2009

The Next 12 Months Will Be Filled with Uncertainty

Doug Kass, TheStreet.com

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Frankly, if the current strategy of massive fiscal stimulation was so easy, Zimbabwe would be a worldwide economic powerhouse.

The next 12 months are going to be marked by more uncertainty than certainty -- and, to me, the last two important economic releases (GDP and ISM) strengthens the case that the foundation of economic growth is shaky relative to the consensus view of self-sustaining growth. More on the Top 20 Signs of How Bad the Economy Is Melissa ended the segment by highlighting what the "Fast Money" group thought were my best of the top 20 list in yesterday's opening missive. Here they are: "The economy is so bad that a picture is now only worth 200 words." "The economy is so bad I saw the CEO of Wal-Mart (WMT Quote) shopping at Wal-Mart." "The...
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TAGGED: stocks, GDP, Doug Kass

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