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equalizer
Participant[quote=zk]I always like to hear as many sides to an argument as I can. Here is, from what I can tell from his very-poorly-presented case, a contrary view:
That’s Oppenheimer Asset Management’s chief investment strategist.I’d be interested to hear what more knowledgeable people than me have to say about his ideas.[/quote]
From John P. Hussman, Ph.D.
“While there is clearly some concern about the long-term sustainability of U.S. fiscal deficits, I remain convinced that there is no material credit risk in U.S. Treasury securities. There will certainly be fiscal difficulties to deal with, since we can’t actually inflate our way out of the U.S. debt (a large proportion is short maturity and would have to be rolled-over at higher interest rates in the event of inflation). Still, those difficulties are on the 3-10 year horizon, while the case for Treasury duration would be largely confined to the present business cycle. For now, we are maintaining a fairly short duration, but again, the main variable to watch at present is the level of credit spreads.In my view, the commodity hoarding that predictably resulted from QE2 has increasingly taken on the earmarks of a bubble… ”
Participant[quote=zk]I always like to hear as many sides to an argument as I can. Here is, from what I can tell from his very-poorly-presented case, a contrary view:
That’s Oppenheimer Asset Management’s chief investment strategist.I’d be interested to hear what more knowledgeable people than me have to say about his ideas.[/quote]
From John P. Hussman, Ph.D.
“While there is clearly some concern about the long-term sustainability of U.S. fiscal deficits, I remain convinced that there is no material credit risk in U.S. Treasury securities. There will certainly be fiscal difficulties to deal with, since we can’t actually inflate our way out of the U.S. debt (a large proportion is short maturity and would have to be rolled-over at higher interest rates in the event of inflation). Still, those difficulties are on the 3-10 year horizon, while the case for Treasury duration would be largely confined to the present business cycle. For now, we are maintaining a fairly short duration, but again, the main variable to watch at present is the level of credit spreads.In my view, the commodity hoarding that predictably resulted from QE2 has increasingly taken on the earmarks of a bubble… ”
Participant[quote=zk]I always like to hear as many sides to an argument as I can. Here is, from what I can tell from his very-poorly-presented case, a contrary view:
That’s Oppenheimer Asset Management’s chief investment strategist.I’d be interested to hear what more knowledgeable people than me have to say about his ideas.[/quote]
From John P. Hussman, Ph.D.
“While there is clearly some concern about the long-term sustainability of U.S. fiscal deficits, I remain convinced that there is no material credit risk in U.S. Treasury securities. There will certainly be fiscal difficulties to deal with, since we can’t actually inflate our way out of the U.S. debt (a large proportion is short maturity and would have to be rolled-over at higher interest rates in the event of inflation). Still, those difficulties are on the 3-10 year horizon, while the case for Treasury duration would be largely confined to the present business cycle. For now, we are maintaining a fairly short duration, but again, the main variable to watch at present is the level of credit spreads.In my view, the commodity hoarding that predictably resulted from QE2 has increasingly taken on the earmarks of a bubble… ”
Participant[quote=zk]I always like to hear as many sides to an argument as I can. Here is, from what I can tell from his very-poorly-presented case, a contrary view:
That’s Oppenheimer Asset Management’s chief investment strategist.I’d be interested to hear what more knowledgeable people than me have to say about his ideas.[/quote]
From John P. Hussman, Ph.D.
“While there is clearly some concern about the long-term sustainability of U.S. fiscal deficits, I remain convinced that there is no material credit risk in U.S. Treasury securities. There will certainly be fiscal difficulties to deal with, since we can’t actually inflate our way out of the U.S. debt (a large proportion is short maturity and would have to be rolled-over at higher interest rates in the event of inflation). Still, those difficulties are on the 3-10 year horizon, while the case for Treasury duration would be largely confined to the present business cycle. For now, we are maintaining a fairly short duration, but again, the main variable to watch at present is the level of credit spreads.In my view, the commodity hoarding that predictably resulted from QE2 has increasingly taken on the earmarks of a bubble… ”
Participant[quote=zk]I always like to hear as many sides to an argument as I can. Here is, from what I can tell from his very-poorly-presented case, a contrary view:
That’s Oppenheimer Asset Management’s chief investment strategist.I’d be interested to hear what more knowledgeable people than me have to say about his ideas.[/quote]
From John P. Hussman, Ph.D.
“While there is clearly some concern about the long-term sustainability of U.S. fiscal deficits, I remain convinced that there is no material credit risk in U.S. Treasury securities. There will certainly be fiscal difficulties to deal with, since we can’t actually inflate our way out of the U.S. debt (a large proportion is short maturity and would have to be rolled-over at higher interest rates in the event of inflation). Still, those difficulties are on the 3-10 year horizon, while the case for Treasury duration would be largely confined to the present business cycle. For now, we are maintaining a fairly short duration, but again, the main variable to watch at present is the level of credit spreads.In my view, the commodity hoarding that predictably resulted from QE2 has increasingly taken on the earmarks of a bubble… ”
ParticipantMotorola just delayed one their best phones – the Bionic – till late summer. Guess some will settle for Incredible2, instead of getting Bionic.
Iphone5 should be out in the fall, so not much room there. Xoom and Atrix sales are reportedly not on fire either. MMI chart is not looking too cheerful for bulls.
ParticipantMotorola just delayed one their best phones – the Bionic – till late summer. Guess some will settle for Incredible2, instead of getting Bionic.
Iphone5 should be out in the fall, so not much room there. Xoom and Atrix sales are reportedly not on fire either. MMI chart is not looking too cheerful for bulls.
ParticipantMotorola just delayed one their best phones – the Bionic – till late summer. Guess some will settle for Incredible2, instead of getting Bionic.
Iphone5 should be out in the fall, so not much room there. Xoom and Atrix sales are reportedly not on fire either. MMI chart is not looking too cheerful for bulls.
ParticipantMotorola just delayed one their best phones – the Bionic – till late summer. Guess some will settle for Incredible2, instead of getting Bionic.
Iphone5 should be out in the fall, so not much room there. Xoom and Atrix sales are reportedly not on fire either. MMI chart is not looking too cheerful for bulls.
ParticipantMotorola just delayed one their best phones – the Bionic – till late summer. Guess some will settle for Incredible2, instead of getting Bionic.
Iphone5 should be out in the fall, so not much room there. Xoom and Atrix sales are reportedly not on fire either. MMI chart is not looking too cheerful for bulls.
ParticipantAllan,
Can’t we just jam to the upbeat Ray Charles – “I’m busted”?
In another sign of desperate times, a delegation from CA goes to Texas to beg Perry for job advice and this shocking quote emerges – “I don’t think Jerry Brown wants California to fail on his watch,” Perry said at the meeting. “We need a strong California in this country.”
ParticipantAllan,
Can’t we just jam to the upbeat Ray Charles – “I’m busted”?
In another sign of desperate times, a delegation from CA goes to Texas to beg Perry for job advice and this shocking quote emerges – “I don’t think Jerry Brown wants California to fail on his watch,” Perry said at the meeting. “We need a strong California in this country.”
ParticipantAllan,
Can’t we just jam to the upbeat Ray Charles – “I’m busted”?
In another sign of desperate times, a delegation from CA goes to Texas to beg Perry for job advice and this shocking quote emerges – “I don’t think Jerry Brown wants California to fail on his watch,” Perry said at the meeting. “We need a strong California in this country.”
ParticipantAllan,
Can’t we just jam to the upbeat Ray Charles – “I’m busted”?
In another sign of desperate times, a delegation from CA goes to Texas to beg Perry for job advice and this shocking quote emerges – “I don’t think Jerry Brown wants California to fail on his watch,” Perry said at the meeting. “We need a strong California in this country.”
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