Steven Leuthold of the ‘Grizzly Short Fund’ talks about the economy, and why we are not headed back to a depression, far from it, in Steven Leuthold’s opinion we are headed towards a decade of strong growth once we get over the current market period. He has not only worked through the crises of the 70’s, 80’s and 90’s but he is also a student of financial crises and his view offers some alternative thoughts on what we can expect in the coming year.
The differences between now and the 30’s (the last defacto depression) are huge, there are social fallbacks that didn’t exist in the 1930’s such as medicare and social welfare, in Ireland we have social welfare and the public medical system.
One point of interest is that like Peter Schiff, Steven Leuthold is very keen on foreign stocks, in particular those in Asia.