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The Market Ear asks the question.
Perma bears & tactical bears
Sell-side has a new found love affair with the bear story. Or at least they are the ones that make the most noise now. Let’s look at 3 bears, the perma, the more balanced and the short term tactical tourist. Note, we are not saying it is getting crowded and we would agree with most of their reasoning.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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