tag:blogger.com,1999:blog-6616959642391988608.post8703737472871905900..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Industrial production does not support the case for QE2Scott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-73182113077414489652010-10-19T07:52:50.252-07:002010-10-19T07:52:50.252-07:00Scott,
Don't you see prerequisite set up for t...Scott,<br />Don't you see prerequisite set up for the EM risk bubble.<br />FED is trying to force EM to absorb US production by reflating its economies. (last phase was US assets reflation)<br />Stronger EM crncy, reflating EM assets should boost demand for US goods.<br /><br />Flow wise, bonds mkt is today biggger than equities were in TMT bubble, and there is, if I am right, 10 times more Family Manhttps://www.blogger.com/profile/10304538166086313103noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-84769589195519143762010-10-19T07:37:13.132-07:002010-10-19T07:37:13.132-07:00Gold down $30 on China rate hike; dollar index up ...Gold down $30 on China rate hike; dollar index up over a point. I have to laugh...is this the inflection point??Jeffhttps://www.blogger.com/profile/04068805988034886750noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-90421013754662442092010-10-19T06:40:43.416-07:002010-10-19T06:40:43.416-07:00Scott, I was looking at a long-term chart of Dow/g...Scott, I was looking at a long-term chart of Dow/gold--specifically at the end of the 70's after Carter and inflation. The ration went to 1! But has been in low single digits several times.<br /><br />Are we heading there again? Gold 11,000? Dow 1300? Both at 6,000?<br /><br />Also, I'm still long Austrailian ST Bonds. Would love to buy more AUD is up 20% against USD since I bought Jeffhttps://www.blogger.com/profile/04068805988034886750noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30011081906333199352010-10-18T19:47:14.124-07:002010-10-18T19:47:14.124-07:00The Fed is trying to reflate the economy, but cons...The Fed is trying to reflate the economy, but consumer spending isn't budging. Banks aren't lending partly because of the fear of serious inflation in the near future. Add on new banking regulations, high deficits, and the expectation of Republican gains in both houses. <br /><br />The new money is flowing into stocks for now. A lower US dollar, but higher stock prices. This could go on GaRYhttps://www.blogger.com/profile/16760265875018271486noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56982636839508873092010-10-18T17:43:51.267-07:002010-10-18T17:43:51.267-07:00"there is no evidence at all that the economy..."there is no evidence at all that the economy is being held back by a lack of liquidity—the Fed can't fix something that's not broken."<br /><br />Now we're getting somwhere! The problem is lack of demand. Who wants to borrow to make something they can't sell? <br /><br />Also, how come Europe with their long vacations and universl health care are kicking our butts in Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-36759264961725398732010-10-18T12:12:55.557-07:002010-10-18T12:12:55.557-07:00Scott-
The core CPI is at 0.8 percent, and Boskin...Scott-<br /><br />The core CPI is at 0.8 percent, and Boskin says that overstates the case.<br /><br />Real estate is dead, depreciating. Investors do not expect inflation in real estate. <br /><br />Stocks are where they were--in 1999. I know inflation can help and hurt stocks, but generally, equities are a hedge against inflation. We are into our 11th year of nowheresville on stocks. <br /><brBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com