12/17/09 Stockholm, Sweden – Back in April, The Business Insider posted a piece entitled The Doomsayers Inherit The Earth describing how media surrounding the financial crisis pushed some bearish and contrarian perspectives into the spotlight. Bill Bonner was named in the original feature and he also appears in the reprised version of the post published today.
From The Business Insider:
“Bill Bonner is the author of Empire of Debt, and like many other doomsayers to him it basically boils down to a massive unwinding of America’s debt obligations.
“He is also the editor of The Daily Reckoning newsletter, which has argued that the current crisis will be worse than the great depression, due to the lack of checks and balances in politics. He is a strong advocate and bull on gold.”
This latest version refers to the current contrarians as “brave holdouts” in the face of the ongoing rally, but as Bill Bonner has said the whole process could take many years… so keep your seatbelt buckled. You can view his profile along with the other Doomsayers Who Just Won’t Give Up at The Business Insider.
Rocky Vega
Rocky Vega is publisher of The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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What do they mean, “The doomsayers just won’t give up?” It seems to me it is the other side who thinks prosperity is just around the corner that is being unreasonably optomistic without any obvious justification. Hmmm, let’s see, there must be some way to make a little money off those guys. Ha.