Comments on: PIMCO’s Fed Forecasting Track Record

By: Cursive

Cursive — Sat, 20 Jun 2009 14:22:00 +0000

I really enjoy John Mauldin’s analysis, but I am often dismayed when he refers to his friend, Paul McCulley. Given the sheer number of other, possibly more objective credit analysts than anyone from PIMPCO, it seems incongrous to me. I am always immediately reviled by the “Masters of the Universe” style treatment anyone from PIMPCO, i.e. el Arian, McCulley, and the chroncially high pitched voice of Bill Gross, receives from FinTv. Bill Gross is to tinnitus as Paris Hilton is to STD. PIMPCO, PIMROCK, et al…they are all part of the kleptocracy.

By: Christopher

Christopher — Fri, 19 Jun 2009 20:25:42 +0000

Punch bowl indeed….When it’s all said and done I suspect that many people would happily attend the public hanging of Alan Greenspan.

Looks to me like folks are getting panicky….I see a flight to safety coming soon.

I got out of my TBT yesterday after a nice run and put it all right back in on GDX. I’m probably real early.

I’m now ~30/30/30/10
SDS/QID/GDX/GLD

Reading Nison’s Japanese Candlestick book right now…
“Candles Exhaust Themselves to Give Light to Men”

Happy Friday!!

Obligatory Music Video Link!!
http://www.youtube.com/watch?v=3KlVZ9CLg3E

By: Get this election right, America. Vote for Barack Obama. « CNBC – Constant Nonsense, Bullshit, and Crap

Fri, 19 Jun 2009 17:54:33 +0000

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By: DL

DL — Fri, 19 Jun 2009 17:53:19 +0000

Singer @ 11:34

There’s also the politics of “taking away the punch bowl”.

By: DL

DL — Fri, 19 Jun 2009 17:35:05 +0000

Onlooker from Troy @ 1:09

I read the link. A lot of merit in the arguments.

Very few people are willing to acknowledge the dichotomy between commodities (on the one hand) and other measures of inflation (on the other hand).

By: Onlooker from Troy

Onlooker from Troy — Fri, 19 Jun 2009 17:09:33 +0000

ben, et al

In a continuation of the deflation/inflation debate/discovery process, have you guys seen Hugh Hendry’s latest?

http://www.fundmymutualfund.com/2009/06/hugh-hendry-eclectica-fund-letter-to.html

By: I-Man

I-Man — Fri, 19 Jun 2009 16:56:11 +0000

@ CNBC Sucks:

You said:

“Either way, I find it a bottomless well of amusement that everyone here continues to pretend these markets are some sort of random walk when it’s a well-orchestrated symphony.”

Yes… but the thing about elephants is they leave big footprints, and they cant move very fast without causing a large disturbance. This makes them particularly vulnerable to attack.

By: CNBC Sucks

CNBC Sucks — Fri, 19 Jun 2009 16:51:22 +0000

The joke’s on all of you. McCulley’s “poor” Fed forecasting track record is just a red herring to throw you off-track from the obvious truth that PIMCO owns the Fed! If the humongous windfall profits that would deluge PIMCO under Geithner’s PPIP taxpayer-funded bond profit orgy were not enough to clue you in on who runs this country, then you guys are completely hopeless.

I think it goes something like CNBC owns the Fed and Treasury, but PIMCO owns CNBC. Either way, I find it a bottomless well of amusement that everyone here continues to pretend these markets are some sort of random walk when it’s a well-orchestrated symphony. All your base are belong to CNBC…and PIMCO.

Ritholtz, I am trying my 49th retirement today. Can you please lay off topics as juicy and irresistible for me as PIMCO?

By: philipat

philipat — Fri, 19 Jun 2009 15:44:36 +0000

Like 99% of the guests on CNBC, he’s just talking his book?

By: SINGER

SINGER — Fri, 19 Jun 2009 15:34:56 +0000

Most forecasts are wrong because we don’t know the future…