Recent comments by sum luk

blinkered wrote:

Did I miss some kind of reality distortion event?

…. promotion ends October 28-29, 2014.

Sebastian wrote:

Eurozone slips a step closer to deflation - FT.com

… and see also: Greece & Spain achieve deflation

vtcodger wrote:

"Skilled whatever workers getting whopping increases to change jobs"

US economy: ‘pent up wage deflation’ blues | Gavyn Davies

josap wrote:

Posted this yesterday.

… nice looking link ~ thanks for reposting

burnside wrote:

Happy accident.

… not really; the "incorrect" link came from footnote 2 of the correct link

burnside wrote:

Have you been following this

… nope; I just try to keep up with some of the fed publications.

burnside wrote:

…..the snapshot

burnside,
…. prior link was in error.

I intended to refer you to this: In the Balance : Despite Aggressive Deleveraging, Generation X Remains "Generation Debt"

Rob Dawg wrote:

Okay setting aside the weird spelling...

…. suspected cannukistanian

burnside wrote:

I don't think their comparisons of 44-year-olds are particularly doable...

from the link:

Over the full period studied (2000-14), the group with the greatest net increase in real average household debt relative to the life cycle patterns observed in 2000 was the one born in 1970. The average debt of these households was $142,077 in the first quarter of 2014 (that is, approximately age 44), or about 60 percent more than the inflation-adjusted household debt of the 1956 cohort in the first quarter of 2000 (also approximately age 44).

Sebastian wrote:

Real income less transfers is up 2.65% year-over-year, still within the range of the current expansion.

…. fewer transfers ~ not more income.

Rajesh wrote:

Disappearing euro zone inflation set to heighten ECB concerns

see also: mainly macro: Lessons of the Great Depression for the Eurozone

justaskin wrote:

I'm gonna go with the latter of that either/or choice....

… hey, so long as the market keeps going up.

KarmaPolice wrote:

Gee...I don't understand...if it's so profitable, why must you give them tax breaks?

…. don't be stupid, you do it so they won't take their pipeline and oil wells to another state.

resusitate wrote:

Americans fear economy is permanently scarred

… oh snap

Sebastian wrote:

The good news is that the Fed gets it, and is highly reluctant to do anything that might seriously harm the expansion.

… the bad news is that's not their job.

Rob Dawg wrote:

Every single one of them would be suspending bonuses, issuing one cent dividends and paying no taxes if they were to start reducing the Fed balance sheet.

…. so, yer saying Janet's just gonna roll em over when they mature.

... no way I'm going to say anything about my investment results. As it is you likely wouldn't believe it either.

…. right about the last thing anyway.

… so, CR left you in charge ? …. whose watching your blog while you tend this one ?

Sebastian wrote:

My own personal answer

… imo, you conduct yourself like a gentleman and only occasionally allow yourself to fall prey to those who can't stand to hear an independent opinion.

Rob Dawg wrote:

Any group that was projecting full year 2014 GDP to be 3.1% in April and 1.5% in August cannot be trusted for other projections.

… 3.1% was the majority view last spring; but, not to worry, nobody trusts the majority of economists anyway.

shill wrote:

CBO slashes growth forecast and projects weaker-than-forecast tax revenue

… they must not be reading the Fed minutes.

from: Economist: Stocks No Longer Risky, Will Go Up ‘Steadily’ | Wolf Street

The S&P 500 hit the milestone of 2,000 yesterday before backing off. Today, it closed at 2,000 sharp, as if by coincidence. It’s up nearly 200% since March 2009. It hasn’t seen even a run-of-the-mill nothing-to-worry-about correction of 10% in almost three years, though these corrections occur about every 12 months in normal times. “Buy the dips” rules, with dips getting ever smaller and shorter as traders are motivated by the only remaining fear, the fear of being left out.

With all this enthusiasm for stocks, you’d think there’d be some volume, some serious buying, to back it up. But yesterday, the day when the S&P 500 snuggled up to 2000, it was the lightest non-holiday volume day since, …. – October 2006.

shill wrote:

Basically if you miscalculated (or just had a stroke of mid-year good luck) and end up making too much income, you're going to have to refund at least some of your subsidy back to Uncle Sugar.

… so, you don't want O to go after the liars and cheats ?

Cinco-X wrote:

Predictably, the Keynesian model has failed to produce a healthy economy

… it can't be said to have failed since it wasn't even tried.

JP wrote:

I have been trying to figure out the economic miracle of OER for years now.

…. let me simplify it for you fellow serf: it's a seasonal adjustment.

Rob Dawg wrote:

you've abandoned the old models that no longer work

… as for me, I just wish I'd been dumb enough to buy and hold.

How Home Prices Have Slowed Down, in Five Charts - Real Time Economics - WSJ

Nationally, prices are now 9.9% below the peak levels reached in July 2006, but it’s a very different picture, of course, depending on the individual market.

from: Some See Price Gap Narrowing Between New, Existing Homes - Real Time Economics - WSJ

Last month, the median new-home price of $269,800 exceeded the median existing price by 21%. Compare that to July 2008, when the gap was 12.8%. In July 2007, it was narrower still at 7.8%.

Wisdom Seeker quoted Hussman who
wrote:

" Worse, when extraordinary measures don’t produce the desired results, the response is to double the effort without carefully asking whether there is a reliable, measurable cause-and-effect relationship in the first place. politically realistic alternative. Fixed It For Ya

Sebastian wrote:

My view is that LSAP did have an effect, but that it was primarily through this signaling channel rather than a direct impact on bond markets of the Fed’s purchases of long-term Treasury securities.

… my view is that the Fed inserted roughly $3.7 T into the market that otherwise would not have been there. … and soon, they will stop.

Former Idealist wrote:

nasty comments

… the coup is complete

shill wrote:

If you like your Oligarchy, you can keep you Oligarchy.

… more like, regardless of whether you like your Oligarchy, you can keep you Oligarchy.

MaryAnn wrote:

who in the hell told you that

… multiple sources, I'm sure you can still find them if you google it

bearly wrote:

Cheney, a Republican

… who cannot even travel to Canada without fear of arrest for war crimes

shill wrote:

If you like your shitty president, you can keep your shitty president.

… stay calm and laugh at the jokes.

Firemane wrote:

  • and then you're talking 1999 becoming the actual peak of American economic history and the future could get REALLY bleak.

…. so yer sayin ……….it's all Bush's fault. Big smile

from: Bespoke Investment Group - Think BIG - Philly Fed Hits Multi-Year High

Strangely enough, while the headline reading of the Philly Fed report showed strength, the business indicators within the report were practically all weak. As shown in the table to the right, seven of the nine indicators declined this month, reversing last month's gains.

bearly wrote:

that's a stupid question.

… not to worry the fiat in your left pocket will never be enough to pay off the IOUs in your right pocket

bearly wrote:

That enormous balance sheet is the 100000 lb elephant in the living room.

… until they stop replacing those bonds, where is the debt ?