tag:blogger.com,1999:blog-6616959642391988608.post5802818380698195391..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Auto sales continue to boomScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6616959642391988608.post-43312498757024502152010-11-04T16:13:05.583-07:002010-11-04T16:13:05.583-07:00This seems like the 2008 slow motion real estate t...This seems like the 2008 slow motion real estate train wreck all over again. <br /><br />People making the argument Fed activities have not pushed indicators to fresh new levels yet all of the indicators are headed in the direction to do just that.<br /><br />You are all about change on the margin and ALL signals on the margin suggest we are headed for a monetary nightmare...Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-43281217550644466392010-11-04T16:03:43.808-07:002010-11-04T16:03:43.808-07:00On that basis it may be true but it depends on you...On that basis it may be true but it depends on your benchmark. $/GOLD is seems headed for just that type of breakout indicator.<br /><br />Additionally, we have a Fed that thinks manipulating the price signals in the market will result in economic growth and consumer spending. Wholly smokes batman!Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-74597662014769614692010-11-04T14:16:47.647-07:002010-11-04T14:16:47.647-07:00Art Laffer has a nice way of explaining things tha...Art Laffer has a nice way of explaining things that might help here. On the one hand, we observe that the Fed has hugely inflated Bank Reserves and the Monetary Base. On the other hand, we observe that although the dollar is weak and commodity and gold prices are strong, we have yet to see the dollar "collapse" to new lows in real terms against any objective benchmark. So what does thatScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-69546379293030439262010-11-04T14:02:31.477-07:002010-11-04T14:02:31.477-07:00I agree doomed is overkill.
The ideal outcome fo...I agree doomed is overkill. <br /><br />The ideal outcome for me is some form of gold standard or complete stripping of Fed powers and opaqueness. <br /><br />We are reaching saturation limits on the printing of money papers and debt levels. Debt burdens are never addressed unless financial crisis forces the hand of the abusers.<br /><br />This means fiscal government needs to change its ways, Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-70432109105249635932010-11-04T12:07:13.612-07:002010-11-04T12:07:13.612-07:00Public: I share your concern that Bernanke does no...Public: I share your concern that Bernanke does not understand how the economy works. He also has a flawed understanding of how inflation works, since he is a strong believer in the Phillips Curve theory of inflation. This is one big reason why I have been worried about rising inflation, and I worry even more now. But I wouldn't go so far as to say we're doomed. There are many things thatScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-85632990414734167572010-11-04T08:42:35.901-07:002010-11-04T08:42:35.901-07:00Scott, are you worried about the op-ed Bernanke wr...Scott, are you worried about the op-ed Bernanke wrote in the Washington Post defending QE2?<br /><br />This seems to completely misunderstand what drives investment and economic growth. We clearly have a Fed that believes easy money is the precursor to economic growth. <br /><br />Stability in the money supply, lack of fiscal/monetary intervention, clear tax and regulatory policy, and interest Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-51301767403663852792010-11-03T17:57:06.282-07:002010-11-03T17:57:06.282-07:00Now that the election is over I believe we will se...Now that the election is over I believe we will see more signs of recovery. If the Republicans don't mess it up and provide more confidence, we will see other signs of life.<br /><br />The fuel for the recovery is sitting in money market accounts all over the country. When we see confidence restored then we will see better times. Great post.David Letohttps://www.blogger.com/profile/17812482108962723457noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-7198343230920059082010-11-03T15:10:29.290-07:002010-11-03T15:10:29.290-07:00Excellent post and analysis Scott. Thank you.Excellent post and analysis Scott. Thank you.Brian Hhttps://www.blogger.com/profile/14869071526968957308noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-49717793245631480882010-11-03T14:44:40.149-07:002010-11-03T14:44:40.149-07:00dreck and drivel post. canned.dreck and drivel post. canned.septizoniomhttps://www.blogger.com/profile/14253705209662419429noreply@blogger.com