tag:blogger.com,1999:blog-6616959642391988608.post7874375652085021700..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Jobs report better than expectedScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-27463851427071217702013-03-14T07:22:48.821-07:002013-03-14T07:22:48.821-07:00Re the Fed: I think the Fed was slow to react to t...Re the Fed: I think the Fed was slow to react to the financial crisis in 2008, but QE 1 and QE 2 "saved the day" by providing safe short-term assets to world that was desperate for them. (All the Fed has done is to swap bank reserves for notes and bonds; they have not "printed money" in any unusual amount.) But sooner or later the world's demand for safety will decline as Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31886982937921634712013-03-14T05:24:43.182-07:002013-03-14T05:24:43.182-07:00Please give another explanation on your March 13, ...Please give another explanation on your March 13, 2013 "QE3 is overstaying its welcome". My understanding is that the FED is wrong yet they got lucky? Thank you for your time and articles. Anonymoushttps://www.blogger.com/profile/17895299860743252299noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79754136265644112282013-03-08T18:08:23.955-08:002013-03-08T18:08:23.955-08:00Unfortunately, the US employment to population rat...Unfortunately, the US employment to population ratio is still stagnating -- an employment recovery is not in sight for Main Street -- I am delighted with the rise in equities for the record -- however, I weep for the human suffering that continues along Main Street USA -- suffering that is likely to worsen over the balance of the 21st century -- my evidence of Main Street suffering include the McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-49194277258125137712013-03-08T10:19:33.336-08:002013-03-08T10:19:33.336-08:00This is how Fed bubbles work. Blow hard enough and...This is how Fed bubbles work. Blow hard enough and capital is eventually deployed. And eventually we find out captial was misallocated. Gotta ride the wave and bailout before the stampede. We are 4 years into bubble blowing at this stage of the cycle.<br /><br />Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-87515417491462903292013-03-08T10:18:45.861-08:002013-03-08T10:18:45.861-08:00This comment has been removed by the author.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-55097834182826939332013-03-08T09:42:44.771-08:002013-03-08T09:42:44.771-08:00Output gap is 6% according to the CBO (not known f...Output gap is 6% according to the CBO (not known for making overly pessimistic forecasts). I keep pointing it out, yet you bring back your 13% number. <br />Or go to Fed Res Bank of St. Louis, look up "potential GDP". It's about $17 trillion today. You do the math.<br /><br />Employment: would this have served you well in detecting the great recession? Especially initial data, whichGloeschihttps://www.blogger.com/profile/10705125909506053628noreply@blogger.com