•Ex-Reagan &Harvard Economist Feldstein Detects Risk of Double-Dip Recession in U.S.

[ByLoSellHi]

Quote from Martinghoul:

BLSH, I actually agree with your view and I know Marty Feldstein's stance (the BBG article is, actually, rather tame and he's a lot more bearish in person).

However, you tediously and predictably only post news/info that's negative the economy. I don't know whether this reflects your views or you have some ulterior motive. Believe it or not, there's some good news out there, which you are ignoring. From bitter experience I have learned that ignoring reality, as you're doing, leads to bad trading decisions.

Personally, I have actually tempered my uber-bearish view on the US economy, as a result of which I stopped out of my puts on Spooz last week.

Just my Z$2c, if you care...

The good news is marginal at best, and is going to be fleeting.

Marty Feldstein's not infallible, but he's no idiot, by any measure, and he still has his ear in true political insider clubs, as he has access.

Everything the government is doing now to avoid swallowing the medicine may extend a rally or two here or there, but the disproportionate pain it's adding to the already existing, yet to be addressed, financial calamity we are staring directly at is nothing less than a crime against the constituents of this nation.

We'll see how things do when unemployment, even by BLS's BS measure, surpasses 12% - and that's not too far away - which means we'll probably be staring at a real, effective unemployment rate of nearly 20% in the U.S.

Those types of figures would have been thought "impossible" just 2 years ago; never to be seen again in this country.

Don't even get Marty or myself started on the 60 trillion in unfunded liabilities the U.S. has, and the record pace accretion to those obligations by the record deficit spending.

 

[Angrycat]

Quote from Martinghoul:

BLSH, I actually agree with your view and I know Marty Feldstein's stance (the BBG article is, actually, rather tame and he's a lot more bearish in person).

However, you tediously and predictably only post news/info that's negative the economy. I don't know whether this reflects your views or you have some ulterior motive. Believe it or not, there's some good news out there, which you are ignoring. From bitter experience I have learned that ignoring reality, as you're doing, leads to bad trading decisions.

Personally, I have actually tempered my uber-bearish view on the US economy, as a result of which I stopped out of my puts on Spooz last week.

Just my Z$2c, if you care...

But, we're inundated with "green shoots" all over the media. His may be the opposing view but, it's still a whisper in the "green shoots" screaming match. I happen to think there's worse to come and I don't want people complaining "why did nobody see this coming?" this time around.

BTW, I'm agnostic to the market in my trading since I'm always ALWAYS delta neutral. So, I'm not speaking as a trader and my trading doesn't change regardless of my views on the market or the economy. Just so you know where I stand.

 

[ByLoSellHi]

Quote from Angrycat:

But, we're inundated with "green shoots" all over the media. His may be the opposing view but, it's still a whisper in the "green shoots" screaming match. I happen to think there's worse to come and I don't want people complaining "why did nobody see this coming?" this time around.

Actually, you raise a great point.

I rarely see any bears, anywhere, anymore; at least not on MSM outlets.

Hmmm.

 

[Ivanovich]

I'm not engaging in any tactics. I asked a question, which I have a right to do just as you do to post whatever you wish.

Every day I come on here and read your posts - all about rain clouds on the horizon.

And every day it's a bright and sunny day. So I asked if we could expect to see these posts from you every single day all the way up to 1400, or whether you would call it quits on some break in the S+P or DoW.

 

[ByLoSellHi]

Quote from Ivanovich:

I'm not engaging in any tactics. I asked a question, which I have a right to do just as you do to post whatever you wish.

Every day I come on here and read your posts - all about rain clouds on the horizon.

And every day it's a bright and sunny day. So I asked if we could expect to see these posts from you every single day all the way up to 1400, or whether you would call it quits on some break in the S+P or DoW.

Your credibility is wanting.

Quote from Ivanovich:

Are you going to be posting this stuff up until we break 1400 again?

 

[Ivanovich]

Quote from ByLoSellHi:

Your credibility is wanting.

And yours is blooming?

As for you posting relevant timely information "high and low", please link to the last post you made that was - by any stretch of the imagination - not end of the world.

 

[ByLoSellHi]

Quote from Ivanovich:

And yours is blooming?

As for you posting relevant timely information "high and low", please link to the last post you made that was - by any stretch of the imagination - not end of the world.

You misunderstood my clearly worded statement.

I wrote that I post information "high and low," not that I post "high and low information."

In other words, I post bearish articles and comments when I feel it's/they're significant whether the markets are high, low, or in between.

 

[Dr. Zhivodka]

Dicks like Feldstein who pull down an academic endowment check every month. They don't scratch out a living from the dirt every month ....month after month.

Quote from Angrycat:

Oh, C'mon. If you have an opposing view then post it and give us your reasons. What you posted is unhelpful. Nobody is going to disagree with ByLoSellHi just because you don't like him.

 

[Ivanovich]

Quote from ByLoSellHi:

You misunderstood my clearly worded statement.

I wrote that I post information "high and low," not that I post "high and low information."

In other words, I post bearish articles and comments when I feel it's/they're significant whether the markets are high, low, or in between.

I think everyone here can agree that you post bearish articles whenever you find them, period.

 

[ByLoSellHi]

Quote from Dr. Zhivodka:

Dicks like Feldstein who pull down an academic endowment check every month. They don't scratch out a living from the dirt every month ....month after month.

"Dicks like Feldstein..."


His name is Martin.