“The “2011 is 2008 all over again”-meme has really exploded in the last few days, obviously helped by the fact that the dollar is near its 2008 lows, and oil is near its 2008 highs, combined with the fact that the market (for now) seems oblivious to it all.
Doug Kass is the latest to jump on the bandwagon.
In a Real Money column today, he writes:
It is clear to this observer that the U.S. economy’s forward momentum peaked in February as first-quarter 2011 growth, expected to be +3.5% 90 days ago, looks closer to +1.5% now…”
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