The Street and GSB - Blogging Wall Street and the University of Chicago GSB: Barton Biggs: Ignore the Naysayers

Sunday, December 09, 2007

Barton Biggs has a highly bullish piece in Newsweek that advocates that we ignore the bearish sentiment and talking heads and view right now as the time to buy.

At 12:58 PM, Unknown said...: It's easy for someone to write a piece like this and get traction. But what are his assumptions based on?

I think if more and more people want to get rid of their dollars, then its simple supply and demand. The dollar will continue to devalue. Money tends to flow where interest rates are high. If the fed increases rates I could see the dollar gaining value. But its not going to help the housing market or stocks.

I am bullish on some things but I dont see everything coming back within a year. But a weak dollar does have some advantages that will start to effect the economy in 08.