Comments on: Notes From Underground: JACKSON HOLE is RUNNING ON EMPTY

By: yra harris

yra harris — Tue, 04 Sep 2012 21:53:38 +0000

hawaiilaw–thanks for the support and the input.Much of what I learned from an early age about the practice of theory and markets came from having access to James Sinclair and of course discussions with his father,Bert,who was a living library like the rings in the TIME MACHINE

By: hawaiilaw

hawaiilaw — Tue, 04 Sep 2012 04:29:39 +0000

– Forgot to add: Yra, your blog is second to none, and we have St Sinclair to thank for it

By: hawaiilaw

hawaiilaw — Tue, 04 Sep 2012 04:28:07 +0000

Yra & Asherz – It’s going to 2 places – equities (where the Fed wants it to go) and gold (anathema to the fed)
— I think the gold backed bond is inevitable

By: yra harris

yra harris — Mon, 03 Sep 2012 15:40:48 +0000

Asherz—that is going to be the question going forward–but I wanted to discuss the fact that Bullard,a “known” hawk was putting it out there and I found that interesting and also be aware that the banks best friend Sec. Geithner is the heas of FSOC–so you tell me where the money is going to go–and the IOER does not have to stay negative for long

By: asherz

asherz — Mon, 03 Sep 2012 15:15:20 +0000

If you weaken a $3 Trillion+ money market fund industry,where would the typical holder run with the safety he requires? Especially if we have negative rates.

By: rohrintl

rohrintl — Mon, 03 Sep 2012 15:06:15 +0000

Hi Yra-
Yeah, I put out some info on the holiday as well, because it IS very important to see the ex-US weakness. Kudos on highlighting the western Pacific Rim weakness that is a natural adjunct to Europe not recovering anytime soon.

When rates remain high and a currency weakens anyway, it is a solid indication the central bank has missed the degree of incipient weakness that is about to expand into recessionary tendencies. What is amazing to me (or maybe not so much) is that seasoned China hands like Roach and Rutledge and others have that saw the generational change coming 20 years ago are now blindered in their lack of understanding that the next generational change is upon us:

China’s transformation into more of a consumerist society will benefit all manner of global tendencies in the long run, but it is definitely a short term drag on psychology and economics.

So thanks again for the excellent (as always) overarching perspective into what is likely two very pivotal weeks for the trends in most asset classes… and for the Jackson Brown quip re: Jackson Hole.

Have a great holiday-
-Alan