The "Money Flow" Myth and the "Liquidity" Trap
By GeoffGannon on Tue, 2007-03-13 14:41
(via www.hussman.net)
Hussman Funds' John Hussman discusses money flow, liquidity, and (as always) valuations. He's as gloomy as I am on the long-term outlook for the U.S. market. He also discusses the trade deficit and foreign ownership of U.S. treasuries in a way that will remind many of Buffett. Overall, a great read.
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Wow Geoff really great find. I'll definatley look forward to exploring more of his site.