Hugely fun and wildly bearish stuff in a recent issue of welling@weeden. The discussants are the co-heads of global cross-asset strategy at Societe Generale, and they are among the more bearish (in a nice and rational way) investors I have read in some time.
Here is a brief excerpt on why the current commodities and emerging markets bubble is different, sort of, than the dot-com bubble:
Reluctantly removed at the request of the copyright holder.
Read it all.