Unlike 95% of the people beating their chests over the current bull market Michael Darda and Todd Harrison actually nailed the bear market and became more and more optimistic heading into 2009. Darda is wildly bullish now and Harrison is expecting some tough sledding ahead. You can find their conflicting views below:
“Big Spending and Easy Money Will Produce Recovery”
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
Under the quick recovery scenario, who will be hiring?
Who has jobs such that they will keep the spending going?
Even if jobs do come back (which I suspect may be the headline on Friday morning, however unjustified in the bigger picture…), won’t everybody be saving? And /or paying down debt?
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