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that's because he trades only stocks - and there I fully agree with him. However this rule makes no sense when you trade for instance global macro....

I am talking about fed fund market + all fixed income - not some tiny few ticks on ES/NQ!

so why the market went up?

it is really amazing that fed funds are up on this speach - first hawkish speach we had from Ben since June. The market is just becoming insane. For instance implied prob of 25bp cut by March meeting is on average up by 10% only today...now 50% chance of cut by that time - and still being lifted!

well - that's before Nixon dropped the gold standard in 1971. I doubt it has any sales for the past 35 years.

it <i>was</i> true - but is not anymore. US military is almost useless - they can't do much with it without international agreement - and this of course beats the purpose of creating a powerhouse hegemony. Since WW2 US was not a real winner in a single conflict I remember... So you are left...

:D LOL Seriously, I always liked USD notes - it is pretty sad they will go away pretty soon (at least low denominations) - or maybe they just add few zeros...(?)

was just thinking about the same guy. By the way before joining the Fed Ben ran analysis proving that he would be better than a computer - that's probably why he got chosen....

let's see what that communist Heli-Ben says today. Funny the only thing I know of with respect to his impact on economic theory is screwing up monetarism.

I don't get your point. Similarly we had WW2, AIDS, environmental damage etc. without the gold standard. Do you try to imply that US would not fare as good as it did without gold standard?, i.e. that economy works better with inflation than without it? Then prove it.

so true...

Thanks - I am recently always suspicious when I see "Fed" and "more options" in one sentence since almost everybody seems to be o drugs and rumbles about cutting rates. Personally I believe that dollar weakness brings with certainty only one thing - and that is higher inflation. It is...

you must be kidding in the first section of your post (I did not read the rest of it). You realize this is completely nuts... or am I missing a joke here? you are talking about aggregate demand like it was something from microeconomics driven by individual agent's budget constraint. For...

could you please explain what you mean by "the $ decline is going to give Fed better options"? Why?

you have the special priviledge to be the first in my <i>ignore</i> list....so sry I will not see your posts anymore....

recent oil pullback was not due to reduced demand from world economies. It was driven by supply side - largely by lack of hurricanes that were priced in before the summer. Also the economic outlook got a little bit more hazy due to factors like housing - which lead many people to misinterpet...

I live in London. We do not have cold snaps - we have global warming :D

don't push it eagle - you look funny.

wow - what a prediction. I guess this will surprise everybody. :) Looks like you are pretty much bought in - so am I.... and with respect to number of cylinders - if oil hits $80 I can use M1 Abrams for weekend rides and still smile...

I hope you are right with oil - but I do not think that the reasoning is very sound. Oil will go up because demand goes up and demand goes up if economy does well - which I believe it will.