Jason Leach, Director of Research and Portfolio Manager for Cravens Brothers sent me an interesting link to a book of pages he wrote, done with stick figures, to help explain “The Age of De-Leveraging“, the “Botox Economy” and the “Accordion-Shaped Recovery”, terms he coined about a year ago.
Page Two – Home Prices Collapse in “The Great Recession”
Page Six – European Sovereign Debt Whack-a-Mole “PIIGS”
Page Eight – Questions the Thesis “China Leads the Recovery”
Those are pages Two, Six, and Eight out of 12. Inquiring minds will want to read the entire “book”. It may take a while (20 seconds or so) to load.
Mike “Mish” Shedlock
Click Here To Scroll Thru My Recent Post List
