you're a bear, you hibernate when the markets are going down, and wake up when they start moving up i bet you're gonna start all over again, like how you bot all these stocks and now they are going up and you are making a fortune, so what happened to all the stocks you had bought at the top, do you grow money in your garden?
He's always been bullish because he is a supply side economist who has, until just recently, always been living in a world of expanding credit. He is worried because the simultaneous occurrence of a weakening dollar and contracting credit is the one scenario they fear: one in which market forces will respond by contracting production no matter where interest rates are set. It's quite a conundrum. He knows that the fed could honestly cut rates to zero tomorrow, and the only result would be a weaker dollar. He knows that means we can create as much induced inflation as we want and it will still inevitably sag into what it is: deflation. I would imagine he would be getting a bit depressed.