Six Reasons a Noted Economist Is Less Bullish - Markets - Economy - BSC

Six Reasons a Noted Economist Is Less Bullish - Markets - Economy - BSC: "Six Reasons a Noted Economist Is Less Bullish By Doug Kass RealMoney Silver Contributor 10/4/2007 12:38 PM EDT Click here for more stories by Doug Kass This blog post originally appeared on RealMoney Silver on Oct. 4 at 8:12 a.m. EDT. The Most Read Stories From TheStreet.com 1. Navteq Deal Guts Garmin 2. Top Rocket Stocks for the Week of Oct. 1 3. Apple's Mac Shows Muscle 4. Top 10 Short-Squeeze Computer Stocks 5. High Bar Hits RIM Sign Up Free Trading Center Charles Schwab Zecco.com Fidelity Investments E*TRADE FINANCIAL Global Forex TD AMERITRADE As we all know, contrary (bearish) thinking has its limitations, as the crowd usually outsmarts the remnants. What is significant, though, is when a previously bullish observer turns more cautious -- or vice versa. Such was the case this week, as Bear Stearns (BSC - Cramer's Take - Stockpickr) Chief Economist David Malpass grew less bullish on the economy. Malpass has been with the brokerage house for almost 15 years. Prior to his association with the firm, he held a number of economic roles in the Reagan and Bush administrations. I have always found Malpass to be a force of reason. Malpass believes that the August credit seizure 'marked a major downward inflation point in growth p"