Pundits are deaf creatures. The perma-bears have been dead wrong and are ridiculed in Stockman’s Sky is Falling. Never mind perma-bull Brian Wesbury was the most wrong commentator heading into the financial crisis.
A Look Inside the US Stock Market by JC Parets.
“So are we at the beginning of yet another boom-bust cycle?… the latest surge isn’t being driven by unconventional loans that let people buy with little or no money down…most buyers today are putting at least 20 percent down or paying all cash. “We all got burned by the exotic financing, but that’s not happening this time.”” Business Week
Job Openings Hit Postrecession High at the WSJ.
“There’s more than a touch of Chicken Little in common arguments for more infrastructure spending.” Bloomberg
Hans: Bondad uses ‘wet gas’, LNG and CNG interchangeably. Try putting propane into your car, CNG into a tanker or LNG into the bus at the airport!