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Global Macro Trading Journal
- Thread starter Daal
- Start date
Hussman is calling for a new recession using an econometric model. The odds do seem substantial which would almost certainly lead to QE3, however I find it unlikely that it will come this week, since would have to be an abrupt change for a 1-day meeting without a press conference. More likely they would leave to Sep so they can think about it for longer and get new data
Hussman is an idiot and Bernanke's next attempt at giving the economy a heroin injection is likely to leave his already shit reputation in a lower state than the local smack peddler.
I'd say were about 2K Dow points from Bernanke being carried out of DC horizontal (not calling for harm to come to bearded central planner, just an expression to show politically he'll be dead meat).
I'd say were about 2K Dow points from Bernanke being carried out of DC horizontal (not calling for harm to come to bearded central planner, just an expression to show politically he'll be dead meat).
I always suspected that cool names(Like Google) had more to do with the success of a business than people were aware of. It seems that this is even direct evidence of that
http://www.ritholtz.com/blog/2011/08/the-art-of-naming-a-business/
The management books out there won't say it but creating a good name might be more important than a number of other stuff
http://www.ritholtz.com/blog/2011/08/the-art-of-naming-a-business/
The management books out there won't say it but creating a good name might be more important than a number of other stuff
Data suggests QE3 might not come soon
http://ftalphaville.ft.com/blog/2011/08/08/646396/the-qe3-pain-threshold/
I agree with these guys but OTOH if there is a recession the threshold will be crossed easily
http://ftalphaville.ft.com/blog/2011/08/08/646396/the-qe3-pain-threshold/
I agree with these guys but OTOH if there is a recession the threshold will be crossed easily
I know most ETers tend to be right wing leaning people but Krugman every once and a while makes a good point
http://krugman.blogs.nytimes.com/2011/08/07/a-self-fulfilling-euro-crisis-wonkish/
If Italy is suffering from a liquidity problem THAT would call for the use of the EFSF. The EU leaders seem to be doing the very opposite of what they should at almost every moment
The IMF could help them out though
http://krugman.blogs.nytimes.com/2011/08/07/a-self-fulfilling-euro-crisis-wonkish/
If Italy is suffering from a liquidity problem THAT would call for the use of the EFSF. The EU leaders seem to be doing the very opposite of what they should at almost every moment
The IMF could help them out though
Right wing or left wing has nothing to do with it. Krugman is the ideologue here - and his views are no different than Greenspan or Bernanke. They have never seen a problem that can't be solved with government printing and/or spending. They'll never acknowledge that perhaps this attitude is what's led us to this state of affairs. Instead, just calling for more of the same.
Quote from ralph00:
Right wing or left wing has nothing to do with it. Krugman is the ideologue here - and his views are no different than Greenspan or Bernanke. They have never seen a problem that can't be solved with government printing and/or spending. They'll never acknowledge that perhaps this attitude is what's led us to this state of affairs. Instead, just calling for more of the same.
The facts are undeniable, Italy has a primary budget surplus and with reforms could achieve a budget surplus in a few years. This means that with the liquidity support they don't present any real risk
Yep, the only fly in that ointment is that liquidity support for Italy and Spain entails bond purchases to the tune of arnd $1trn. It's hard to see our new German overlords getting excited about that.Quote from Daal:
The facts are undeniable, Italy has a primary budget surplus and with reforms could achieve a budget surplus in a few years. This means that with the liquidity support they don't present any real risk