Search results

Well, I don't think it's quite as simple as all that, tbh... There's all sorts of views out there and we can, yet again, launch into a heated discussion of what's right and what ain't. As to the RiksBank, the situation is not that clear cut. The RB board atually has a whole range of views...

"Best thing since sliced bread" is one of them English idioms, y'know? http://en.wiktionary.org/wiki/greatest_thing_since_sliced_bread As to what I do and do not understand, I fear you're very confused, my friend. Just because I agree with a particularly sensible argument NNT makes doesn't...

I have read more than enough from him, I assure you... I suppose you think Taleb's the best thing since sliced bread or am I interpreting your comment wrongly?

Just make sure you get out before Merv gives another speech...

Well, methinks you're a bit behind the times, Daal... Uncle Axel is far from being a lonely voice in the desert. There's a whole bunch of them, e.g. Mssrs. Mersch, Bini-Smaghi, Wellink, Stark, with some others leaning that way. There's every reason to believe that they won't hesitate.

Agreed, bottom up is the only way to do it that would be free from media/govt bias. Personally, based on my specific sample (which I admit might not be represenatative), I have definitely seen evidence of food inflation and quite a bit of that. I have not witnessed the other stuff that you...

Right, which central bank was guilty of the "printing away" that generated the latest asset bubble? I mean, honestly, can we pls stop trivializing the crisis? It really pisses me off that people can't deal with complicated explanations. Everyone wants to blame one specific agency or...

Fine, we can argue the specific technical merits of using one methodology or another ad nauseam. Neither do I have anything against alternative methodologies as long as they are peer-reviewed and rigorous. My issues are non-partisan. My problem is that I just don't see why there should be a...

I am not using King's opinion to support my argument. Whatever gave you that idea? In general, his views and actions are his own. It just so happens that one of the points he normally makes I agree with. It doesn't mean I agree with his actions or all of his arguments. Anyways, forget I...

Is there a petition out there to give Dodd-Frank more teeth and make sure it's actually effective? I wanna sign that...

I don't see how this is circular. The danger of "just printing away" is that a wage-price cycle eventually gets ignited and that's when things get unpleasant. I fail to see how that can happen in the current environment. BTW, this, since you mention the BoE, is precisely the argument that...

Agreed... It's a very fine line to toe and either side of the middle ground all sorts of dangers lurk. I think it's a point that Taleb, incidentally, made a while ago, in some discussions about what the Fed and other Central Banks are likely to face in the future. Personally, at the moment...

Not if Uncle Axel has anything to say on the matter. The ECB has already administered an underhanded hike, but allowing EONIA to go up smth like 75 - 100bps since mid-2010. My point is that if inflation is a highly regressive tax that doesn't pass into wages (and it hasn't so far), isn't it...

OKI, I agree with you that, ideally, we'd like consistency. However, if we take this consistency to the limit, eventually your basket gets woefully outdated. Let's take an extreme example. One of the earliest inflation-linked bonds, the Massachussetts Depreciation Note issued to...

Well, isn't inflation a tax?

I actually have all sorts of issues with Williams and ShadowStats. However, the main question is why should he be trusted more than the BLS? It's not like he's totally impartial and has nothing to gain from spreading his version of the number(s).

That's a rather biased and disingenous argument...

Sure, let's agree to disagree on this...

Nah, nothing of the sort... I just wanted to ask if you ever experienced civil unrest or, worse yet, civil war.

Maybe you meant that his family originally came from Africa... No worries, either way.