Category: Technical Analysis, Trading, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Bianco: Puncturing Conventional Wisdom”

  1. 1280pat says:

    Having a bunch of propeller heads try to GUESS the right interest rate to “help” the economy is a cruel joke and we are all going to pay for it by getting a Ron Paul world the hard way.

  2. idaman says:

    While deeply respect the analysis of Mr Bianco, there are a few things to add.

    1) the Fed 3, Naysayers (all of them) 0. The 3 points are for 2010, 2011, and 2012.

    2) many big names Fleckenstein, Gross, Santelli have predicted the Fed’s money printing to end in disaster already. Gross even bet his fund and lost one year, and still predicts disaster.

    3) Soro’s theory of reflexivity. The Fed understands all the criticism, and will act to unwind all it’s debts before/as rates rise.

    4) That reflexivity thing works for all that cash on the sidelines as well. Which could bleed into growth as it is invested. Which could allow the Fed to unwind it’s QE orderly.

    We have no idea how it’s going to turn out. But I think the contrarian position is that the Fed will unwind QE successfully.

  3. idaman says:

    I would also like to point out that I ran a “small” business ($3mm in annual operating expenses) back in the day and it is total nonsense that small business make hiring or investment decisions based expectations of future tax rates or government policy (fiscal cliff, et al). When revenues are coming in and u need more assets to service that, you hire or invest. It’s truly that simple for small businesses.