Read Doug Kass's Article: Factors Aligning Against The Boom Cycle

I strongly encourage you to read Doug Kass's article Factors Aligning Against the Boom Cycle (freely available TheStreet.com website). In my article Random Thoughts On 14 August 2006, I referred to Kass's article but was not able to quote from it. He cleanly and clearly articulates his concerns for the economy. You can now read the article in its entirety. I urge you to do so.

For those unfamiliar with Doug Kass, he is general partner of Seabreeze Partners Management, Inc. and commentator for The Edge Column on Street Insight (subscription required). Street Insight is an expensive subscription site of TheStreet.com family.