Wednesday, June 30, 2010

Economic Reset, True Growth Begins in 2011

In a post titled Economic Reset, Not a Recession on February 26, 2009, we stated the "lifestyle and economic prosperity that we all enjoyed over the past half a century peaked with the collapse of Bear Stearns in March 2008. Further, we are currently going through a reset, which history will show, hastened with the Bankruptcy of Lehman Brothers." Importantly, we argued that the reset will run its course at the end of 2010, at which point true growth begins. Given the current state of affairs, our assessment was brilliant.



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