tag:blogger.com,1999:blog-6616959642391988608.post6664371028460932530..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: 2011 reviewScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6616959642391988608.post-60109005159107670372012-01-07T19:57:28.273-08:002012-01-07T19:57:28.273-08:00Readers of "Fooled by Randomness" would ...Readers of "Fooled by Randomness" would appreciate the folly of prediction and the role that chance plays on the outcome. Whilst entertaining, the result matters little. I don't know how many predictive articles I've read containing overwhelming arguments backed by indisputable facts that turn out differently. That being said, I always enjoy Scott's commentary as his Pedro30854https://www.blogger.com/profile/12037266422782607629noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-24638838970359145402012-01-06T09:43:41.086-08:002012-01-06T09:43:41.086-08:00Benjamin, Any other recommended articles/links on ...Benjamin, Any other recommended articles/links on Market Monetarism? The Wikipedia article sparked my interest.L.A.https://www.blogger.com/profile/17235323298066514444noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-69657336357263155882012-01-06T08:50:55.453-08:002012-01-06T08:50:55.453-08:00Squire:
Actually, Market Monetarism is accessible...Squire:<br /><br />Actually, Market Monetarism is accessible, and there is a not bad Wikipedia entry on it.<br /><br />In a nutshell, you target nominal GDP growth through a transparent and explicit monetary policy.<br /><br />In today's world, the Fed would say, "We are targeting 7.5 percent nominal growth in GDP, and we will buy $100 billion a month in bonds, keep interest rates where Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-70550792117373065552012-01-06T08:47:02.146-08:002012-01-06T08:47:02.146-08:00This comment has been removed by the author.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-46100011690492376282012-01-06T08:15:55.380-08:002012-01-06T08:15:55.380-08:00I had a feeling Benjamin would bring us to somewhe...I had a feeling Benjamin would bring us to somewhere with his posts.<br /><br />Divisia, or Market Monetarism (MM?), reminds me of Modern Monetary Theory (MMT). The main argument MMT’ers made in support of MMT is that you don’t understand it. I said made, in the past tense, because MMT dropped off the face of the earth.<br /><br />I suspect the goal of MM is to justify more money, debt, credit Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59460367983197461142012-01-06T06:20:40.692-08:002012-01-06T06:20:40.692-08:00Good, at least you answered the call, although you...Good, at least you answered the call, although you massaged some of the conclusions. I don't know how you can say housing is recovering when housing price is at multi-year low and housing starts hasn't broken out of the 2010 range. And commodity prices are clearly down for the year. One commodity doesn't make it a whole market. <br /><br />As for investment returns, as you disclaimed Pragmatic Investorhttps://www.blogger.com/profile/08952759176339628535noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-44597716156547418602012-01-05T16:46:53.032-08:002012-01-05T16:46:53.032-08:00Congrats to Scott Grannis, not only for reasonably...Congrats to Scott Grannis, not only for reasonably accurate forecasting in a very choppy market, but honestly assessing performance at year end. Most guys remember only their successes---good for self-esteem, but not technically accurate. <br /><br />One correx: The Fed is not being "easy." The Fed has been passively tightening the money supply.<br /><br />If you believe the Fed is &Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-60385861331765673142012-01-05T15:52:44.701-08:002012-01-05T15:52:44.701-08:00I have been a bit concerned that Schaeffer's I...I have been a bit concerned that Schaeffer's Investors Intelligence poll quickly turned bullish after its October lows when Bulls were down to 34.4% and Bears up to 46.4%. The past three weeks Bulls have risen to about 50% and Bears have fallen to around 30%. At their peak last March Bulls were at 57.5% and Bears were less than 20%.<br /><br />But Lipper US Fund Flows paint a different Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-37047355864152555782012-01-05T14:47:31.754-08:002012-01-05T14:47:31.754-08:00Nicely and honestly reported, yes...Nicely and honestly reported, yes...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-90887392245698930302012-01-05T14:46:32.709-08:002012-01-05T14:46:32.709-08:00The only thing I'll quibble with you about is ...The only thing I'll quibble with you about is the heading of this post. It should be "2011 Review."Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.com