Were there that many permabears back then? Why we have so many permabears now?
I have noticed that there are more and more permabears these days. During the GFC and a couple years after that, I read many bearish articles about the state of the global economy and the financial markets. However, people who made those arguments did not very high-profile or great track records. Recently, I have seen more high-profile managers and economists turn bearish. Some of them are pretty vocal about how the end-game looks like and its consequences. So I have two questions: Were there that many permabears back then (the 70's, 80's, 90's, and early 2000s)? Why do we have so many permabears now?