Is he? From his biography (http://bigpicture.typepad.com/cv/2006/02/curriculum_vita.htm...) it looks like he's mostly a manager. He might be really good at economics, but I've read his site before, and I haven't seen a single insight there that could be published in a reputable economics journal.

Spluh? What kind of reputable economist pulls a howler like this:

What will be the catalyst to get them back into equities? My best guess is a sustained move upwards.

...umm, yeah. And what causes a sustained (or any) move upwards? ....people "getting back into equities".