tag:blogger.com,1999:blog-6616959642391988608.post7584227770473553956..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Rising oil prices are a headwind, but not yet a disasterScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-6616959642391988608.post-5437376867464569892011-02-24T17:59:58.029-08:002011-02-24T17:59:58.029-08:00I do my charts with Deltagraph on a Mac, but it al...I do my charts with Deltagraph on a Mac, but it also comes in a Windows version.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-26449578389896686802011-02-24T17:53:15.616-08:002011-02-24T17:53:15.616-08:00Scott nice blog. You mind me asking what charting ...Scott nice blog. You mind me asking what charting software you use?<br /><br />Appreciate your feedback.crokoshttps://www.blogger.com/profile/15542618218942799032noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-10276798331974714592011-02-24T06:49:19.298-08:002011-02-24T06:49:19.298-08:00You can conduct commerce with any amount of money ...You can conduct commerce with any amount of money in the system. The only thing needing adjusting are prices.<br /><br />We did it for thousands of years and economies grew. You have a 100 year old fiat system that collapsed twice in that span.<br /><br />Great evidence...Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-72773581235264359272011-02-24T06:48:38.193-08:002011-02-24T06:48:38.193-08:00This comment has been removed by the author.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-87855965307554277152011-02-23T18:11:26.322-08:002011-02-23T18:11:26.322-08:00If Shaquille O'Neil's mother, (or for that...If Shaquille O'Neil's mother, (or for that matter, any professional basketball players mother) , would have never constantly adjusted for her son's growth in his shoe size, he would have never become the success he has become. <br /><br />Hey, Japan used to bind women's feet. So, it's easy to see why they would do the same to their economy.<br /><br />With the same poor Lorihttps://www.blogger.com/profile/01438039963046848511noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-75804488269366323282011-02-23T16:40:24.250-08:002011-02-23T16:40:24.250-08:00Someone needs to prove a growing economy requires ...Someone needs to prove a growing economy requires an equally growing money supply. Until then...<br /><br />Take a long hard look at Japan. Asset values have been falling for 20+ years. Wages have been falling for 20 years. The yen is very strong.<br /><br />Even adjusted for per capita, Japan's GDP growth is feeble next to the USA's. <br /><br />Japan has had no inflation, and some Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-45523037737907741152011-02-23T13:38:07.967-08:002011-02-23T13:38:07.967-08:00The Fed is permanently raising the general price l...The Fed is permanently raising the general price level every year it places money irrespective of supply and demand. <br /><br />This is why your grandfathers 5 cent hamburger costs 2,000% more today even though it takes significantly less units of labor and capital to produce it.<br /><br />Someone needs to prove a growing economy requires an equally growing money supply. Until then...Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-63920786484725526672011-02-23T11:46:40.000-08:002011-02-23T11:46:40.000-08:00The Fed is supplying more than enough reserves to ...The Fed is supplying more than enough reserves to accommodate the system's demand for funds. So far banks have preferred to hold the reserves instead of making more loans. But if the economy needs more money to handle the higher price of energy, then the money is there (in the form of reserves) for the taking. The Fed is keeping the price of money very low in order to ensure that the economy Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-54216188869610508912011-02-23T09:49:27.586-08:002011-02-23T09:49:27.586-08:00"Higher oil prices would be more problematic ..."Higher oil prices would be more problematic if the Fed were tightening monetary policy to keep inflation. As it stands, the Fed is quite accommodative, which means they are supplying enough money to accommodate most or all of the rise in oil prices."<br /><br />Scott, what are you talking about? This seems rather odd. Could you explain how the Fed handing free dollars to the primary Unknownhttps://www.blogger.com/profile/02148350899313352997noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-45563012840040819692011-02-23T07:27:53.869-08:002011-02-23T07:27:53.869-08:00Scott,
Sounds like you will miss the boat again o...Scott,<br /><br />Sounds like you will miss the boat again on the oil impact. Plenty believe oil was the nail in the coffin in 2007/08.<br /><br />You can wish away oil not acting as the lubricant to the global economy but it won't change the facts on the ground. <br /><br />Printing more dollars is only going to make this situation worse.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-32291536289381733212011-02-23T04:22:46.970-08:002011-02-23T04:22:46.970-08:00The same argument was made back in 2005-07. Rising...The same argument was made back in 2005-07. Rising oil prices wont derail the economy because the price rise was caused by increased demand and strong growth, not by a supply shock ala 1973 and 1979. Turnout that wasnt true at all. Even high prices caused by demand increases and growth eventually undermine that growth. Also the Fed wasnt being restrictive during this period.<br /><br />In fact BamBamFunkhouserhttps://www.blogger.com/profile/16259775902360799920noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-68826485210710356912011-02-23T04:17:38.553-08:002011-02-23T04:17:38.553-08:00Well problem is the Fed was EXTREMELY accommodatin...Well problem is the Fed was EXTREMELY accommodating from Oct 2007 on yet it didnt stop oil prices of $100 plus contributing to the economic downturn that began in Dec 2007. <br /><br />We heard this same argument from 2006 onwards. We wouldnt have a recession because the oil price increase was due to demand not a supply shock ala 1973 or 1979. Thus there was nothing to worry about. Oh well......BamBamFunkhouserhttps://www.blogger.com/profile/16259775902360799920noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-66456281393809155262011-02-23T03:33:18.180-08:002011-02-23T03:33:18.180-08:00Hi,
I was browsing through your blog scottgrannis....Hi,<br />I was browsing through your blog scottgrannis.blogspot.com and found very interesting contents on money and finance which are pretty informative. I was hoping I could write a guest post on your blog with an article related to your blog, I believe this will be of interest to your readers.<br />The article will be entirely unique, written just for your blog and will not be posted elsewherePablo Gibsonhttps://www.blogger.com/profile/06743781588457889491noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-21094377327989963282011-02-22T20:58:40.990-08:002011-02-22T20:58:40.990-08:00I don't know I can have an argument with Scott...I don't know I can have an argument with Scott Grannis when he keeps agreeing with me. What next? Endorsement of QE3?<br /><br />"Higher oil prices would be more problematic if the Fed were tightening monetary policy to keep inflation. As it stands, the Fed is quite accommodative, which means they are supplying enough money to accommodate most or all of the rise in oil prices. If the Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com