A few bears and one bull

 

Some of bears are ideologue, they like classic capitalism, gold standards, and “Austrian school” monetarism, etc.  Of course, they don’t like Keynes, and Fed.

 

I am not sure about their attitudes towards CCP and its adventure of Chinese style capitalism, they must have some mixed feelings.

 

http://prudentbear.com/

 

http://itulip.com/

 

 

My challenge to them: put Fed and CCP into your model, and see how the model runs. Those two variables have changed the capitalism, economy, market place, US, world as we know for ever. The old and good time without Fed and CCP is gone forever.

Fed is from US and CCP from China, you just have to deal with them. 

 

Some “bears” (not sure that is the right name)  are analytical thinkers, such as Bill Gross of pimco, and one of his VPs reportedly just sold his Southern California house and moved into an apartment. Bill Gross once called on the market to boycott all risky assets; he thinks he is underpaid for the risk.

 

 

 

Stephan Roach is chief economist of MS, kind of bearish or worried just about everything except China. He travels around world, amazed, puzzled and a lot of times worried.    

 

One bull: gavekal.com, authors of “Our Brave New World”, “new economy paradigm” for hedge funds. They have some followers, who pay minimum $20K/year to read their reports. Gavekal.com located in HK and run by French and British. They seem to understand the Orient a little better, with some non pure-economic approaches when thinking about market place.

 

Bears and bulls alike are generally Western centric (non-Marxist of course), in terms of their mindset. They grew up and were educated when the world is still iron curtained into West and Socialist camps.

 

Now, everything has changed, with a socialist and capitalist China jumping into world economy, managed by a CCP with two brains, one being their super “politics (domestic and international)”, one being Western economics and other tricks, and with two fists as well, one being US dollar, one ballistic missile.

 

White House somehow figured this out, and sent Paulson and his big team to Beijing, 030707. Of course, Ben was there among US delegates. The top US and China team probably did not look at 200 MA of US dollar or gold, but would have a “candid and enthusiastic discussion of two countries’ economic interests”.

 

Sometimes I would think what Marx and Keynes (of course Keynes is nor comparable to Marx) would say if they all lived to see today’s world. Is world a better or worse place now?

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