Big capitalization, high-quality U.S. stocks are very, very cheap compared to everything else. [commodities are] an investment vehicle for maniacs. I don’t know what’s going to happen in the second half of next year. I’m just saying that in the next three to six months, the economy is going to keep recovering and stocks are going to go up again… I can find a lot of things that I want to buy in the US. I’m still playing the same tune. I’m pretty well loaded up as far as stocks are concerned…It’s a bet on a capital spending boom and it’s also a bet that big corporations around the world have under-spent on technology since 2000. Big-cap tech stocks are still very attractive…

I certainly wish I had understood more in late 2007, early 2008 how serious the credit problem was. The bubble wasn’t in spaces that we knew.

Over the longer run, emerging markets are going to be the place to be, particularly the Asian emerging markets. In the short-run, I’m bullish about the U.S. as well.

Barton Biggs, investing into the sunset of the stimulus, but unsure of beyond, perhaps in keeping with Krugman’s view of a double-dip