I thought I was about as bearish as they come. But Karl Denninger has topped me. He is always a bit hyperbolic in his writings (like yours truly), but from the beginning, he has been a pretty good forecaster of the crisis. I warn you not to click on the link unless you are prepared to be scared shitless.
From an optimist's POV, writing like that suggests we may have actually hit bottom in this crisis. The pessimist would answer with one of the oft-repeated quotations from the Great Depression - "just when we thought it was over, it turned out it was just beginning."
Put me in the pessimist camp sadly.
Wednesday: FOMC Announcement, CPI
9 hours ago