tag:blogger.com,1999:blog-6616959642391988608.post993510933999068750..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Good news trumps bad newsScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-6616959642391988608.post-27543940648911135102015-09-23T08:20:37.313-07:002015-09-23T08:20:37.313-07:00Jarrod: thank you!Jarrod: thank you!Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59813613434810340722015-09-23T03:06:30.841-07:002015-09-23T03:06:30.841-07:00Thanks Scott for your analysis and thoughts on suc...Thanks Scott for your analysis and thoughts on such a regular basis. Your reasoning is first rate. You stick to you indicators and don't 'cherry pick' after the fact to try and retroactively support your views. Your insight into the markets is excellent and I look forward to reading it when you publish.<br /><br />Thanks again for providing it. There are many out in internet land who Anonymoushttps://www.blogger.com/profile/03451707491801472903noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-34708983042207289132015-09-22T17:37:24.562-07:002015-09-22T17:37:24.562-07:00Thanks, Russ!Thanks, Russ!Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-75813618973566041342015-09-22T13:12:05.339-07:002015-09-22T13:12:05.339-07:00Scott- Thanks again for your perspective, and for ...Scott- Thanks again for your perspective, and for the work you put into summarizing this information.Anonymoushttps://www.blogger.com/profile/06403893539049850366noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-16568753287846186292015-09-21T23:45:46.729-07:002015-09-21T23:45:46.729-07:00"race relations have deteriorated" = bla..."race relations have deteriorated" = black folks are protesting too much.<br />"imperial presidency" = why hasn't congress stopped Obama from doing anything.<br />There, I simplified your English.<br />Stick to investing. You are good at that, not socio-political analysis.amritsarihttps://www.blogger.com/profile/03968805404670583901noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-9313110427133022422015-09-21T16:11:09.874-07:002015-09-21T16:11:09.874-07:00trite rehash of all the same old stuff. trite rehash of all the same old stuff. marcusbalbushttps://www.blogger.com/profile/13596266889368486043noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-13458186391023057492015-09-20T11:03:06.251-07:002015-09-20T11:03:06.251-07:00Re whether the Fed is too tight: I don't see a...Re whether the Fed is too tight: I don't see any signs of the Fed being too tight. Tight money is usually reflected in a very strong and rising dollar, very low and falling commodity prices, very high credit spreads (particularly swap spreads), a flat or inverted yield curve, high real interest rates and very low or negative inflation. <br /><br />None of these conditions prevail today. The Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-20016019844819577032015-09-19T18:37:28.433-07:002015-09-19T18:37:28.433-07:00Why is it German bonds rate is less than US treasu...Why is it German bonds rate is less than US treasuries. Anonymoushttps://www.blogger.com/profile/14459004293617997413noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-45056276138739648822015-09-19T18:35:12.704-07:002015-09-19T18:35:12.704-07:00Steve--The Fed should be shooting for Full Tilt Bo...Steve--The Fed should be shooting for Full Tilt Boogie Boom Times in Fat City. I think prosperity is great.<br /><br />On long-term rates, it is true that the market sets the level. On the other hand the federal government and other governments borrow long-term thus artificially boosting demand. And, there is FDIC insurance in place at banks, the provision of another artificial haven. It is a Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-16056049056401360772015-09-19T05:40:04.837-07:002015-09-19T05:40:04.837-07:00benjamin, you are truly THE most dovish of comment...benjamin, you are truly THE most dovish of commentators! so may I assume that the only measure you care about re monetary policy is inflation? are you not concerned about ASSET inflation and can/has loose policy not affected this leading to "inequality" gap being artificially large? it would be nice if the MARKET could determine where short term rates should be as it does with longer stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-60989923424345071302015-09-19T04:54:13.524-07:002015-09-19T04:54:13.524-07:00Mathew: I agree...the Bank of Japan id sticking wi...Mathew: I agree...the Bank of Japan id sticking with $55 billion a month in QE and IOER at 0.10% and 3% unemployment and they still do not have inflation.<br /><br />This Fed is being far too timid and indecisive. They Fed could even be described as feeble and fearful. You would think an old lady was running the place.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-387007290073886672015-09-19T04:06:56.357-07:002015-09-19T04:06:56.357-07:00Benjamin brings up an excellent point. And it und...Benjamin brings up an excellent point. And it underscores something that most simply can't understand or refuse to see: That despite a zero percent Fed funds rate, the Fed is still too tight. We see it in TIPS spreads, we see it in commodities prices, including gold, and we see it in the action of the PCE. As always, when these metrics move the way they have, the Fed is not meeting the Grechsterhttps://www.blogger.com/profile/08898953158865778397noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-69689066297427389552015-09-18T18:44:55.218-07:002015-09-18T18:44:55.218-07:00“One day everything will be well, that is our hope...“One day everything will be well, that is our hope. Everything's fine today, that is our illusion." - VoltaireThinking Hardhttps://www.blogger.com/profile/11528747799967719972noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-14361110592720049332015-09-18T18:14:17.644-07:002015-09-18T18:14:17.644-07:00Great post, one quibble: Interest rates today may ...Great post, one quibble: Interest rates today may in fact be artificially high. <br /><br />The US government, and of course other governments, borrow money and pay interest. This set something of a floor for interest rates and provides "safe haven" for risk-averse investors.<br /><br />It is true that one is entitled to a return on one savings, it is also true what is entitled to a Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-63701487384351933192015-09-18T16:01:30.625-07:002015-09-18T16:01:30.625-07:00I think good news is, at least in part, a causali...I think good news is, at least in part, a causality of the 24-hour news cycle, and the accompanying media fragmentation. That structural change has put the traditional media meme: "if it bleeds, it leads" on steroids, and has disproportionately impacted the financial media.Lawyer in NJhttps://www.blogger.com/profile/02920739130504981369noreply@blogger.com