thanks for your post.
i don't understand all that is happening (understatement), but i do know that grantham (who btw, is cheney's FA, as i understand, fwiw) is one who saw the present situation coming.
some think he's a perma-bear...but, i think a thread concerning grantham's continuing thoughts is very worthwhile.
people i have read who saw this coming: roubini, grantham, hussman, jim rogers, and buffett. maybe others i'm missing.
oh yeah, satyajit das.
there seems to be a bifurcation between the optimistic and the pessimistic, as far as the future.
i wish i knew what will happen. but i think it's good to keep track of the people who saw the present situation coming.
instinctively (though maybe mistakenly) i am very interested in their perceptions of where things might go.
honestly, jeremy grantham was the one that convinced me to raise cash (early in the year, but not perfectly early, which would have been late last year), and so far i'm lucky i did.
this is because of his warning of a perfect storm. from here on, we'll see...
apparently, he's more optimistic now...as is hussman, and perhaps buffett? depending on the deals he gets?
i wish i knew the future...