The judgment that such and such a policy was the right choice in current exceptional
circumstances should not make us complacent about possible medium-term risks arising
from such a significant shift in the size and composition of central bank balanc…
Tag Archive for Judgment
Bears Chat, Best of the Forums
Finally, a try at deconstructing ECRI forecasts
by Bears Chat at The Wall Street Examiner • • 0 Comments
(deconstructing a proprietary indicator….. )
“Don’t get me wrong. Leading indicator models are very useful things. And the one provided by ECRI is better than most. However, these sorts of models don’t read newspapers, nor much less can they cal…
Bears Chat, Best of the Forums
A "Grand Area"
by Bears Chat at The Wall Street Examiner • • 0 Comments
Despite all the changes since, there is every reason to suppose that today’s policy-makers basically adhere to the judgment of president Franklin Delano Roosevelt’s influential advisor A A Berle, that control of the incomparable energy reserves of th…
Liquidity Trader, Professional Edition
Market Slick With Pomaid
by Lee Adler • • 0 Comments
Facing $72 billion in new Treasury debts settling Monday, and with a little less help than usual from the Fed’s to grease the skids, the market got a haircut on Friday, and could get shave on Monday. These two days will be an interesting preview of a future without POMO aid. After Monday, the POMO…
Bears Chat, Best of the Forums
History Tells Us The Secular Bear Is Not Over Yet
by a Wall Street Examiner • • 0 Comments
THE ALMOST relentless advance in stock prices off the lows of spring 2009 continues to frustrate the bears. Although the resulting underweight position in equities has proved beneficial to investment performance over a horizon of four to five years…
Bears Chat, Best of the Forums
Pavlov’s Bulls
by a Wall Street Examiner • • 0 Comments
Grantham is not a commodity person, but he is quite smart, and consistently understates his most important points, so this perked my ears a little.
What “paradigm shift” is he noticing?
(you have to register to access.)
Pavlov’s Bulls Jeremy Granth…
Liquidity Trader, Professional Edition
Fed’s Intended Consequences – Professional Edition
by Lee Adler • • 0 Comments
The Fed ratified the market’s judgment on rates today, as it always does. The Fed does not set rates. It simply follows the market. This comes as no surprise to readers of this report. Fed Funds have traded below 0.25% since December 4. Since the Fed does not want to appear irrelevant, it acts as…
