A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeye's fast food restaurant on Google Maps.

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Entry from June 16, 2011
Permawrong (Permaright)

“Permabull” has been cited in print since at least 1994 and “permabear” since at least 1995. It’s been said that the permabears and permabulls can be “permawrong” or “permaright” (permanently wrong or right).

“Permawrong” has been cited in print since at least 2009. “Permaright” (less frequently used) has been used since 2010.

The Big Picture
Barron’s: Greens Shoots = Ganga
By Barry Ritholtz - May 23rd, 2009, 7:36AM
Randall Forsyth elicits chuckles via his clever phrase-turning. He turns his poison pen on the ubiquitous nonsense known as “green shoots” that has been so in vogue amongst the perma-wrong crowd:...

Another new low for the Dollar
ed by SchiffReport on Oct 21, 2009
Permabear? LOL How about PermaRight!
aspenmogul 1 year ago
redmolotail >> PermaRIGHT! I think Peter should trademark it. Or maybe use it as the title of his next book!
aspenmogul 1 year ago

The Motley Fool
A Must Read by Zerohedge
September 15, 2010
The following must read presentation by Wolfe Trahan puts every last piece of the economic puzzle together, confirming there is no other outcome but an economic crunch, affectionately known elsewhere in the MSM as a Double Dip. It gives you all you need to know when confronted with the nattering nabobs of neanderthalism, most of whom tend to reside on CNBC. Feel free to do a side by side comparison of this presentation with that put together by Russell Napier earlier, and decide on your own, which one you believe is far more credible. Yet its greatest value-added is the thorough discrediting of the three chief classes of permawrong prognosticators: sell side analysts, company management and economists.

Here It Comes: Obama Considering Another Fiscal Stimulus
June 8, 2011 by SteveT
And what permawrong Wall Street aparathick lemmings gets quoted? Why the man who had the NFP number off by 300%+ Joe Lavorgna of course:...

Zero Hedge
Permabullish And Permawrong Joe LaVorgna Forced To Cut Q2 GDP Forecast Again, From 2.7% To 2.3%
Submitted by Tyler Durden on 06/16/2011 09:09 -0400
From the Deustche Bank voodoogist who just can’t catch a break on any coin toss so far in 2011. Below are Joey La-Vorg’s latest thoughts on the unfolding stagflation in the US:...

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Thursday, June 16, 2011 • Permalink