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Taylor Rule Bitchez
He is WAY TOO BEARISH!
Now BTFD still RULES
Taylor, tinker, soldier, spy!
with the thesis of the article; Agree. I think the stock market has already done it's top formation.
The sooner the PIGS go the sooner we can move on to real fixes in Europe
PIGS are nothing compared to US debt, when does the US finally have to face facts?
When the world quits using the dollar... And the US proles revolt because the the gov't can no longer afford to give them beer and cable teevee.
Looks like its pretty near.
I also hope the reset is near so children can have a chance. It is not going to happen soon, the reserve currency will take years to fall. The suffering will be longer than most think possible. Then it will be engineered into a new paradigm, the American people as a whole are woefully ignorant and easy to herd.
By real fixes you mean the abolition of the socialist mentality that causes governments to spend irresponsibly? If so, I agree.
Why do you write PIGS instead of PIIGS? Do you consider Italy outside the group, or is it just sloppy or misinformed?
It should really be PFIIGS, if you want to get technical.
I agree with Taylor, but, he's been making this call for at least 4 quarters now, yes? These guys have to start owning up more to the trailing record.
Yes and why can they just do whatever they feel like Q after Q? Because the american people are pathetic.
On the other hand, his forte is FX not stocks
On the other hand, his forte is FX not stocks
GG, I agree. I like reading Taylor's perspective -- But if you invested in his FX projections read on ZH - you would have had your ass handed to you betting against the Euro
I wonder... Who wrote the insurance on that Greek debt?
People who live in the 'economic only' world are missing the big picture theres a world hot war about to go down.
No way, fuzzy mutt
No one wants a war, and it's not in anyone's interest.
We need the next deflationary crash to happen before the real war gets going.
Next up, QE2 ends and the market melts. Position accordingly.
we said that about QE1 and it was the time to get long.
if the market melts down again, the government will lose the support of the upper middle and lower upper "trade" classes, IOW, the people with the 401ks.
The market will not be allowed to crash; it's as simple as that.
QE3 is way too unpopular, it simply cannot be done. We have only two ways to re-engage the money printing.
I think you underestimate QE's popularity among Wall Street banks, and I am certain they have much more influence over this matter than you, me, Congress or anyone else. The Fed is rogue and answers to no one in our political realm.
I say after a "Decent Interval," QE3 is on, and QE2.0 Lite will also be busily maintaining the Fed's balance sheet at current levels in the meantime and that will represent a continual flow as well.
And then there's the issue of who will be buying the US treasury bonds we'll be issuing hand over fist? The "free market" has not been buying all this paper. We'll need a crisis, of course, to make these attractive again should the interest rates start to rise during The Decent Interval.
Mark it - this is the way this will go.
I would add my pick of RRE valuations deteriorating quicker than currently expected (ohh, big shock there) and will maturate right along with your general thesis. Besides, few hooks work as well with congress. Heck, this hook worked for a cool few trillion last time.
QE2 was `way too unpopular` too. So what`s changed.
Here`s a third option: If Ben cuts down a quadrillion trees to print more fiatscos and nobody sees, does he have to make a sound?
And a fourth: Ben calls up his ol` cronies from GS now running foreign central banks the world over and instructs them to reign in the USD`s peers.
Or a combo of the same.
Game changer: For damn good reasons the USD is no longer the world`s favourite reserve currency, paint all the charts you like, it`s all short term gain for long term pain.
eg. Look at the USD/YEN action today... hasn`t the BOJ been printing like it has never printed before?
You can write any number you like on a scrap of paper, but against real assets its actual value will always be discovered in the long run, no matter how much debt you try to back it with.
Ask yourself: as a creditor would you rather be paid in a currency backed by nothing more than debt rife with counterparty risks, or a hard asset with absolutely none?
How is this printed money getting to the real economy when everyone's credit is maxed and the banks aren't lending? Where's the helicopter?
Oh the banks are lending all right, just not to the likes of you. As you`ve noticed they`ve already got you maxed out and are now in the process of capturing what is left of your nation, and/or filling their balance sheets with hard assets; where have you been?
Sorry, no helicopters for you.
Just helicopters with gun turrets?
Heh, you might see those, sure, but only for a moment just prior to being obliterated. The Jet Rangers brimming with conjured fiat are reserved for the TBTF, or the nations their alumnis at the central banks are working to capture for them.
Is anyone TBTF?
It always cracks me up when someone states that something is statistically impossible and then provides a statistic for how impossible it is.
Like for instance the formula for showing the US debt is mathematically impossible to ever repay.
That's because they mean statistically impossible to occur, not statiscally impossible to calculate.
An almost-zero probability means that the thing can happen, but that it won't. (Humorous explanation by Prof. Strang).
People tend to never say what they actually mean, nor take "definitions" of words seriously.
It is "more impossible" (har har) statistically for people to get hit by lightning and yet they still do....
I recall Taylor calling for the Euro to hit 1.31 before he changed it to 1.42, as it was rising against the USD.
Yep, hard to make those calls in an economic slavery world such as ours controlled by these central bankster criminals who just do whatever they feel like because the people are such sheep and will never do anything. I've often said why dont they just seize all americans bank accounts and pensions and jack DOW to 20,000, why not, no one would do anything about it anyway.
"This is a GREAT time to be buying US equities" - Fortune Magazine's Editor-in-Chief (on CNBS this morning).
May that MSM shill ass-pirate be hit by a magazine delivery truck
Who is buying 'US equities'...the Bernank. Besides hardly anything is 'US equities' anymore, the entire DOW is basically Chinese and the S&P is now owned by Germany/UK.
In todays world of instant messages..who would buy a magazine whos information is at best a week old and probably more....I do not know what to buy.....so I buy gold and silver....just to be safe..and that is the key word....its not to make a killing..its to reduce my losses in a colapse...
This is surely bullish for silver!
Another great day to BTFDs!!!
Yep, looks like yet another 'bite the fukin dick' day for the american people. Just hold physical silver, its not for day trading.
You are funny because I know you are making fun of silver bugs. I bet there are some who believe you are serious.
Whether you believe in the silver religion or not you have to laugh every once in a while.
Bought December Comex Silver at $34.25 today; we'll see how that works out.
Actually, right now silver is the only one of the four, AG, PT, PD that IS up.....
Is this anomaly a signal about something ..?
Wut woh, wooks wike Wowotwader might be bout ta hav sum pwobwems :(
Every continuous and differentiable linear or nonlinear function y = f(x) of a variable x can be expresed as its so-called "Taylor sum" or "Taylor series", which is an infinite sum of linear terms of a certain structure plus a residual in Cauchy- or Lagrange-form, to make it finite.
f(x) = e^x = 1 + x + x² / 2! + x^3 / 3! + ... + x^n / n! + L(n)
n! = 1*2*3*4*...*n, faculty function
That's how you calculate non-linear functions like sin(x), cos(x), ln(x), e^x and so on in a computer or calculator.
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