Thursday, March 20, 2014

"The Fed's Rear View Mirror"

Stagflationary Mark:

"The Fed apparently sees and reacts, with nearly crystal clarity, to what has happened 2 years previously. If that is true, then they are just now seeing the booming retail sales growth in January of 2012. No wonder they are tapering. No wonder they are talking about ending ZIRP in 2015. No wonder Bernanke couldn't spot the housing bubble in real time."


eah said...

OT (But wow ...)

Japan’s birth rate is at its lowest since records began in 1899 and if current trends continue it will lose a third of its population in the next 50 years

Stagflationary Mark said...


20 years of ZIRP isn't inspiring 20-year-olds to reproduce?

I'm shocked! Shocked I tell you!

*deep sarcastic sigh* :(

whydibuy said...

As opposed to cp and Mark's gloom and doom crystal ball which sees nothing but the apocalypse, lol.

BTW, hows that call by hussman about the market top between dec 20 and jan 20th doing? Isn't it about time for another hussman blurb on this blog about how this time he will be right?

Stagflationary Mark said...


As opposed to misguided perma-optimists like you desperately attempting to relive the 1990s again? Need I remind you that you were just as optimistic and complacent heading into the biggest recession since the Great Recession?

Both you and the Fed love that rear view mirror though. In the Fed's defense, at least they only seem to look back 2 years. You look back 80+ years and extrapolate *that* forward. Good luck on that. You're really going to need it.

Stagflationary Mark said...

I meant to say since the Great Depression.

Great Recession, Great Depression, it's all good though if you're an eternal optimist. It's kind of like 45+ million on food stamps. No big deal as long as we don't see them actually line up together in soup kitchens.

Stagflationary Mark said...

A Bold Prediction: When Will Real Estate Fully Recover?

So here is my bold prediction using 20/20 hindsight goggles. The market value of real estate compared to disposable personal income will fully recover one year ago!

As an added bonus, we're making sensational progress on reflating the next economy crippling housing bubble. This is fantastic news for those who believe that a stock market bubble alone can drive our economy forward in the coming years! Woohoo!

Economic stability, that's what I'm talking about, lol. Sigh.

Anonymous said...

Why'd I Buy gets very mouthy near market peaks. It's because his portfolio of trash experiences negative divergence and starts falling before the broad indices do.