Paul Krugman economics: Deny, deny, deny!

[Tsing Tao]

Quote from piezoe:

Krugman, Blinder and Ricter are right.

Ah, well. If you say so.

 

[Ricter]

The upside to a self-destructive attitude that "bad things are gonna happen" is that you'll eventually and periodically be right.

 

[Tsing Tao]

Quote from piezoe:

What about the 2008 to 2013 period? You might want to include a chart of the dollar futures during the same period.

Sure! Here ya go.

http://futures.tradingcharts.com/charts/RCM.GIF

Wow! Looks a whole lot different! Wait...no it doesn't.

And your US Dollar chart, as requested.

Quote from piezoe:


Your argument in which you attempt to link commodity pricing and speculation to Fed policy is not well bolstered by the charts you provided. Have you considered demand? supply?

So the argument against is better bolstered by you showing up to say "krugman and ricter are right"?

Listen, Johnny-Come-Lately, this argument has been put forth by me ad nauseum on this forum. I'll see if I can go back and find some of the threads on it, but next time, do your own research.

 

[Tsing Tao]

From this thread:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=254330&highlight=commodities

That thread is where I beat Ricter over the head with the data the first time. It was a fun romp where he told me that atticus schooled me, but has yet to show where that happened.

 

[Ricter]

Quote from Tsing Tao:

From this thread:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=254330&highlight=commodities

That thread is where I beat Ricter over the head with the data the first time. It was a fun romp where he told me that atticus schooled me, but has yet to show where that happened.

I wasn't sure it was atticus, doesn't matter who it was.

Your chart nicely reflects the world's economic recovery.

 

[Tsing Tao]

Here was another thread where we discuss Cost-Push inflation. And in the first post it is the Fed admitting it is responsible for a good portion of inflation.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=245904&highlight=commodities

 

[CaptainObvious]

Quote from Ricter:

As are you. We both know the Fed is not causing the prices of food and gasoline to rise.

Wait a minute. In one post you say there is no inflation, and now you're saying that there is inflation. There is inflation. We can argue about who/what is causing it, but there is inflation, and it's much greater than what the government numbers show.
The Fed is not 100% of the cause, but if you take out their activity...let's just say we ain't where we're at. It's a manipulated economy and market. That's really nothing new, it's just a matter of degree, which is now off the charts.

 

[Tsing Tao]

Quote from Ricter:

I wasn't sure it was atticus, doesn't matter who it was.

Your chart nicely reflects the world's economic recovery.

So the world's economic "recovery" (the recovery that hides from all data) just happened to take a break during the exact times QE expired?

 

[pspr]

Quote from Tsing Tao:

So the world's economic "recovery" (the recovery that hides from all data) just happened to take a break during the exact times QE expired?

Arguing with Ricter is like arguing with a brick wall. Unless you brought a sledge hammer, you're not going to have a breakthrough.

 

[Ricter]

Quote from CaptainObvious:

Wait a minute. In one post you say there is no inflation, and now you're saying that there is inflation.

Because no one cares about 2%.