Funny Money: U.S. GDP Growth Net of Mortgage Withdrawals
Nice chart from John Mauldin in his weekend missive showing U.S. GDP growth over the last decade with and without mortgage equity withdrawals:
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November 1, 2008
Barron's Big Money Fibbers
There are many surprising findings in a wildly bullish Barron's "big money" poll this weekend of professional fund managers, but a lot of it is explained by the chart I have excerpted here. There is pretty much zero chance that 83% of these fund managers are beating the S&P 500 in 2008, so the rest of their views should be discounted appropriately.
More here.
Barron's Big Money Fibbers
There are many surprising findings in a wildly bullish Barron's "big money" poll this weekend of professional fund managers, but a lot of it is explained by the chart I have excerpted here. There is pretty much zero chance that 83% of these fund managers are beating the S&P 500 in 2008, so the rest of their views should be discounted appropriately.
More here.
