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[B] I could talk about these individual points, but, really, I don't have to. Even if I were to agree with your overall message that the US has been experiencing inflation which hasn't been measured properly all this time, I just don't understand what this has to do with Rick's point about...

Sorry, I am really confused here... Can we pls not digress and concentrate on the very specific point you have made and that I am responding to? I can certainly respond to the above as well, but I don't think I can keep pace with the subjects at this rate. So let me get back to your statement...

[B] Well, here's the thing. There's a LOT of research out there on tuition costs. In fact, in 1967 William Bowen first noted that tuition has been rising 2 to 3 percentage higher than inflation since 1900. There's a lot of work that people like, for example, Ronald Ehrenberg, have done. At...

Sorry, I think you're misunderstanding me here. If, for whatever reason, QE or no QE, Fed or no Fed, there's a sharp slowdown in the labor mkt between now and September, I expect the "tapering" discussion will go away. Otherwise, if everything is proceeding at current pace, I expect QE3 to go...

[B] Well, again, other than Spooz, which we can definitely discuss separately, I am just not seeing this as clearly as you do. Maybe, it's 'cause I am just not involved in the high-end art, RE and diamond mkt, like yourself :). In seriousness, having looked at a couple of indices (Rapaport...

So will I. I will respond piecemeal, if you don't mind, since I want to attach some graphs, but can't do more than one at a time. [B] I am not sure what you're basing this on, Maverick. I attach a chart of the two housing affordability indices (NAHB/Wells Fargo HOI and NAR HAI; higher =...

1) No, I respectfully disagree. The problems really started once the issues infected the money markets, IMHO. It turned out that there was a LOT of leverage in things that were perceived as "extremely safe". Rest is history. My point here is that the issue with these crises is always a...

It's very difficult to offer personal commentary on such a wide and vague set of subjects. How about a suggestion? Why don't you read the various bits and pieces that are available out there (incl in the blogosphere) first? Once you've done that and have some more specific...

I am only referring to accidents in the labor mkt, i.e. payrolls suddenly dropping or stuff like that. My view is that nothing else will stop the "tapering" in Sep and I expect QE3 to stop fully by Dec. My view only.

You mean name a "universal" bank that went under as a result of their i-bank imploding?

1) IMHO, G-S might not have prevented a crash, but it would have prevented the crash. In my view, crashes are fine, as long as they don't spread to places where they don't belong. 2) I don't like "slippery slope" arguments normally, but, IMO, (and similar to what denner pointed out), once...

1. Are you referring to just the QE-driven "distortion" or also the impact of the "low rate for a long time" policy? Also, when you say "currently", are we talking about today or back when the original video was posted? In general, I don't think we have a long time to wait, as I think QE3...

I did say I will respond to you, Mav, and I will.

The crash might have still happened. The point of Glass-Steagall isn't to prevent the crashes, but rather to insulate the deposit-taking part of a bank. Had Glass-Steagall or something like it been in place, there would have been no need to bail out Citi or BofA or even AIG. Here in the UK...

You didn't ask me any specific questions, hence no dry, boring facts. Moreover, from the very inception of this discussion, I have been talking about my opinion and my personal preferences. Of course, you may very well decide that my opinion is not useful to you, in which case we should...

Like I said in some old threads, this is a very typical "bankster" meme that allows them to eschew all responsibility for the crisis. It's popularized by people like Charles Calomiris, Edward Pinto, Peter Wallison and some others. There's an over-abundance of evidence that demonstrates that...

I have not gone for another year, no. Like they say, patience is a virtue and virtues get rewarded. I will respond to Tsing Tao first, since it might be a little easier (and shorter). Yes, I understand the point of the fire hose metaphor. However, I also understood that Rick was using the...

I was going to suggest this: http://lmgtfy.com/?q=central+bank+news But then you could also try this: http://www.centralbanknews.info/

Hard to know... The matching algorithm for the trsy futures is now 20% FIFO/80% pro-rata, last I saw. Which means that, with a one lot, you might actually get filled as a result of what they call pro-rata leveling. I am not really an expert, so I would hesitate to give you a more specific...

There's more than ample commentary on all sorts of central banks out there on the web.