Comments on naked capitalism: WSJ Survey: Economists Say Energy, Food Price Rise...

Economists of the current era will almost all neve...

2008-05-09T05:53:00.000-04:00

Economists of the current era will almost all never admit that bubbles can occur, and do so alarmingly often. Almost all of them denied a housing bubble could happen, even when the data was fairly shouting it before August 2007. Most economists thought that equity prices were just peachy before March 2000, and got riled with the Mighty Greenspan dared for a moment to let his empirical bad angel do the talking and raise a squeak about irrational exuberance.

It is hard not to be cynical about the modern economics profession. But the damage they do is profound, even if the need for their work is fundamental.

Another lagging-head indicator . . . .

2008-05-09T03:56:00.000-04:00

Another lagging-head indicator . . . .

Swonk flips coins and listens for winds, and makes...

2008-05-09T02:56:00.000-04:00

Swonk flips coins and listens for winds, and makes more calls that are as valuable as.... her previous calls; does her dad own the business?

Diane Swonk Releases Mid-Year Economic Review - The Case for a Rebound in Growth

http://www.masonryconstruction.com/industry-news.asp?sectionID=0&articleID=514588

Re: "The question, of course, is whether or not second-quarter gains can be maintained. Recent data, however, is encouraging. Consumer confidence improved in May, despite a $1-per-gallon surge in gas prices, and orders for new equipment continued to show decent gains in April," notes Swonk.

The problem with these overpaid retards is that they are not accountable for what they predict and what ever they say is held to be truth......these are the people that shape the future and end up running, I mean ruining the country!

Wall Street economists and strategists also said t...

2008-05-08T23:36:00.000-04:00

Wall Street economists and strategists also said that Dow 20,000 waqs right around the corner in 2000. Wall Steet has no soul and shuld be treated accordingly. Salespeople making money selling.

A commodity 'bubble?' Is that like negative equity...

2008-05-08T20:55:00.000-04:00

A commodity 'bubble?' Is that like negative equity?

I just love the new math.

My respect for the economics profession is another...

2008-05-08T19:57:00.000-04:00

My respect for the economics profession is another casualty of the long night (2001-2008). I really don't see how they could have any more wrong on most economic matters if they tried.

Think about what they would be admitting if they said the US markets were not free in the economic sense. Well, at least they are tenacious.

Expect no good news on the commodity/energy front ...

2008-05-08T18:44:00.000-04:00

Expect no good news on the commodity/energy front until refi interest rates cover REAL inflation costs.

REAL returns are negative in most countries... All cash pools are shrinking by the day in terms of purchasing power.

How can anyone expect anything but a run to physical assets in this situation?

This is a matter for investigation, not theory.In ...

2008-05-08T18:04:00.000-04:00

This is a matter for investigation, not theory.

In 1979, when CBOT forced a reduction in open interest in silver futures, Nelson Bunker Hunt replied, ``You can't do it. You wouldn't dare. You're the last bastion of free enterprise in the world.''

A 2 trillion dollar war funded with borrowed money...

2008-05-08T17:49:00.000-04:00

A 2 trillion dollar war funded with borrowed money in a fractional reserve global banking system with a fiat based world reserve currency certainly didn't have anything at all to do with it.