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'Nobel-prize winning economist Peter Diamond said the causes of high unemployment in the U.S. are “overwhelingly cyclical” rather than structural.' http://noir.bloomberg.com/apps/news?pid=20601068&sid=aIfQHsPXNU9o Translation: The Fed needs to print more money

I suggest you unsubscribe and not read the thread then

Thanks Kudlow

Looks like home prices might be resuming their decline. This could be the thing that tips the economy into a double dip and get banks to get hurt again. I'm suspecting there will be a 5-10% decline from the recent highs due the shadow inventories. I find Hatzius explanation that affordability...

I asked Scott Sumner about the Hussman column. Here's his reply " I don'thave any problem with the base, it's that he doesn't know how to analyze the data he has. The Fed's been doing something close to NGDP targeting from 1983-2008--so it's no surprise that M and V are negatively...

This is hilarious, Buffett is the same dude who says he is not a market timer and buys a stock thinking the exchange might be closed for 10 years and he is fine with it. Now he is reporting to shareholders that his 2y outlook is superior to the market price. He should open a prop trading shop

Amazing, they let management choose the valuation when the security has LIQUID MARKET PRICES. This is getting out of control

Hussman claims QE wont be effective because monetary policy is impotent due the zero bound http://www.hussmanfunds.com/wmc/wmc101025.htm I believe he couldn't be more wrong. He is looking at the wrong data, instead of monetary base he needs to look at M2...

You first statement is a logical impossibility

The man was fired for telling the truth. Almost everyone gets more nervous when they see a Muslim on a plane, if you dont there is something wrong with you because basic math tells you the chances of hijacking are higher than usual. So besides being an apologist for silly politically correct...

I dont know if the Fed reverse Repos are scheduled or not but if they are not it seems to be that the latest one(which was a bit large) was made in response to the rising inflation expectations to show the market 'daddys is here, we have all exit tools available at any time'...

Here is an interesting study showing that part of the male-female wage gap isn't related to prejudice but to actual performance differences between the 2 http://www.voxeu.org/index.php?q=node/5697 But of course, the guys behind the study will probably be bashed and be called male pigs. I'd...

Some writers on Bloomberg picked on the irony http://noir.bloomberg.com/apps/news?pid=20601068&sid=a.VZv2VKWiBs

No fiat currency has ever survived, no gold standard has ever survived either. There are not a lot of things that stay forever the same

The shenanigans of the 2 decades means a lot of delevering and weak growth in my view, not a couple of quarters 1930's style depression

The last time the government talked about the rule of law like this it was when the Treasury lawyers argued the link between the dollar and Lehman brothers was too small for Paulson to bail them out with the exchange stabilization fund... If the enforcing the rule of law means the collapse of...

Its even more ironic that the guy running the NYFed is Dudley, which currently is one of the biggest doves and backers of more easy money. Yet this move is quite deflationary, financial CDSs are blowing out, bank stock prices diving. I'm not quite sure how this will play out but I have a hard...

This mortgage documentation issue has the potential to be a complete disaster. If the banks are forced to take back loans(that are in or close to foreclosure) this means 3 things off the top of my head -M2 will go down some more as the banks will have more foreclosures in their pipelines(I...

Lockhart, afraid of deflation, thinks $100b a month is a good number for QE2 http://www.cnbc.com/id/39738637

This is really good critique of Krugman http://www.themoneyillusion.com/?p=7530 Its quite funny to see Zero Hedge accusing Bernanke and the Fed of being keynesians given that Keynes was a big believer of the liquidity trap and that what happened to money didn't matter. The Fed and their QE...