In The Bear Cave

Dismissed as a fossil, this pessimist has been on the mark lately. His prediction? More pain

Barton Biggs is so bearish on the economy that he's growing fur. He doesn't walk, he lumbers, and the closest thing to a smile he'll offer is a small grin--a smirk, really. I got one for noticing the GRIZZLY BEAR CROSSING sign on his wall, near a swollen bookcase burdened with such cheery titles as Blown to Bits, Cleaning Up the Mess and Debt Shock. No question: Biggs, chief global strategist at Morgan Stanley Dean Witter, is Wall Street's ranking pessimist. As such, being right--as he has been lately--is a mixed blessing. It means things suck. So it would be unseemly...

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