Game Over - Important Read

By: Ian Campbell | Fri, May 20, 2011
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Yesterday I found an interview titled 'Game Over: U.S. Wins, Says Mark Lapolla, But Future To See Very Little Growth'. It took me about 45 minutes to read it carefully. To download this (PDF) article directly, click here.

Normally I only suggest articles in these commentaries that take a maximum of 10 minutes to read. In this case, I am making an exception. Assuming you are reading this commentary because you participate in the equity markets, I strongly recommend you read what I think is a highly thought provoking article. Mark Lapolla is an American who is seen by many, including himself as I read this interview, as a contrarian who thinks unlike most about the macro-economy and the American economy. He currently is a managing director and strategic research chief of Knight Capital Americas. In the foreword to this interview his writing (and I presume his interview content) is described as 'pugnacious and non-consensus'. Here, in broad-brush terms, is what I took from this lengthy interview of Lapolla by Kathryn M. Welling of welling@weeden.

The foregoing really doesn't do justice to the content of the Lapolla interview. Some of it is pretty tough going - but again I strongly recommend you take the time to read this interview and work your way through the difficult parts. I think it is a highly useful 'food for thought' article. For sure it doesn't simply mimic other articles in the repetitive way much of what I have been reading lately does. While I don't agree with everything Lapolla says (and suspect many of you likewise will question a number of his views) I learned a lot from this interview, continue to think about what he said, and suggest you do the same.

 


 

Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
Economic Straight Talk

Through the Economic Straight Talk Newsletter Ian R. Campbell shares his perspective on the world economy, the financial markets, and natural resources. A recognized business valuation authority, he founded Toronto based Campbell Valuation Partners (1976), Stock Research Portal (2007) a source of resource companies market data and analytic tools, and Economic Straight Talk (2012). The CICBV* annually funds business valuation research in his name**. Contact him at icampbell@srddi.com.
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Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/