by Chris Becker
Gerard Minack has always been a standout in a sea of permabulls and salesmen dressed up as bank economists. His latest missive considers the full reason behind the selloff and the impact going forward:
Corrections happen, (but) bear markets typically require recession. For now, recession doesn’t seem imminent in developed economies. However, I do not think that this correction ending will see a resumption of the bull market, at least not the bull market that has driven risky assets through the past four years.