Newsletter Economist Dennis Gartman comes out with a bold new prediction that our recent economic ails are coming to an end.   He rattles off a few economic indicators that but can't really give a set rule for analysis.  Instead he says "It's like the definition for pornography: I'll know it when I see it."

He further shows his palm reading prowess when he declares the act of trying to understand the business cycle as being "arcane."  If only Mises and Hayek could've lived to see their work so supplanted!  With statements like "i'm not going to get caught up in the explanations of things if the correlations hold," who needs Tom Woods to muddle our minds with books like Meltdown?