tag:blogger.com,1999:blog-6616959642391988608.post327615513294393215..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: With no shortage of liquidity, more QE is unnecessaryScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6616959642391988608.post-64989843790854963542012-04-04T20:37:02.556-07:002012-04-04T20:37:02.556-07:00"The Fed is making a mistake. Not only do we ..."The Fed is making a mistake. Not only do we need QE, we also need sustained QE, with a publicly target of nominal GDP growth of perhaps 7 percent annually for several years-"<br /><br />Ben Jamin, could you explain why America needs continued simulation, with an economy growing at a reported rate of 3%+?<br /><br />Also is it possible for you to restrain the use of Japan as a constant Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-48128868313437110852012-04-04T09:00:50.267-07:002012-04-04T09:00:50.267-07:00A sincere question for Scott Grannis:
Okay, you s...A sincere question for Scott Grannis:<br /><br />Okay, you say we have liquidity in the USA, so no more QE.<br /><br />They have liquidity in Japan, and they have mild deflation and zero interest rates.<br /><br />The yen is very strong.<br /><br />Ergo, just having liquidity, and low interest rates does not mean money policy is loose---otherwise, how has Japan's yen risen so much?<br /><br /Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-33268780030684111242012-04-04T07:06:18.991-07:002012-04-04T07:06:18.991-07:00"There are times when formerly classic signal..."There are times when formerly classic signals fail, due to fundamental shifts underlying assumptions."<br /><br />Very true. We need to consider other metrics and develop new ones.Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-20691582901956057742012-04-03T20:49:34.701-07:002012-04-03T20:49:34.701-07:00Dr McKibben--
john Taylor just reviewed Robert Het...Dr McKibben--<br />john Taylor just reviewed Robert Hetzel's new book and like it.<br /><br />This means John Taylor is getting on board with Market Monetarism--if Romney wins.<br /><br />My guess is that if Romney wins, you won't hear any more sniveling from the right wing or GOP about inflation or the Fed. The Fed will be told to print a lot more money.<br /><br />As for war, who knowsBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-29288948376557968302012-04-03T16:21:57.679-07:002012-04-03T16:21:57.679-07:00@Benjamin, monetary expansion in the US is on hold...@Benjamin, monetary expansion in the US is on hold indefinitely -- the austerity hawks won the battle, which means austerity is coming -- I suspect the war hawks will win as well, which means world war -- better to ponder 1936 and exploit the situation to your own benefit -- more than a few smart business people saw what was happening and got rich in the late 1930's and 1940's...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71545122412432987952012-04-03T15:00:09.398-07:002012-04-03T15:00:09.398-07:00Gold managed to rise in the 2004-2006 period durin...Gold managed to rise in the 2004-2006 period during which the Fed raised rates. And the Fed isn't yet even talking of raising rates.sgt.red.blue.redhttps://www.blogger.com/profile/08132657702786638326noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-74497104385287701212012-04-03T14:09:26.486-07:002012-04-03T14:09:26.486-07:00The dollar trading range is now where it was in 19...The dollar trading range is now where it was in 1993 or so. So we can say it is high or normal or low. <br /><br />No one claims the Fed was loose from late 1980s to mid-1990s, yet the dollar lost one-third of its exchange value then. Why? <br /><br />If the dollar's exchange rate means a lot, why did it fall all the way through the Bush Administration, and then firm up under Obama? This Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-76625015048951612662012-04-03T13:43:09.447-07:002012-04-03T13:43:09.447-07:00Business Insider just changed its mind. I think ma...Business Insider just changed its mind. I think maybe they forgot to adjust for the extra selling day this year. 14.4 million looks to be the correct number. Still good though.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-18852305879017321292012-04-03T13:16:31.274-07:002012-04-03T13:16:31.274-07:00Automotive News is reporting March's auto sale...Automotive News is reporting March's auto sales SAAR at 14.4 million. However, Business Insider is saying it's 15.2 million. Looks like no one is sure what this month's seasonal adjustment is.<br /><br />But in either case it's a good number.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-87652249684032087882012-04-03T12:27:33.079-07:002012-04-03T12:27:33.079-07:00More or less dollar liquidity is irrelevant at thi...More or less dollar liquidity is irrelevant at this point -- the end of the dollar (Federal Reserve Notes) is near -- I expect that dollars will be replaced with other currencies within a decade -- electronic currencies are not the same as Federal Reserve Notes -- the sunset of the US Federal Reserve Note is now underway...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.com