The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: orkrious who wrote (75262)	12/11/2006 11:51:39 AM
From: mishedlo	Read Replies (2) of 110194

The Northern Trust Company Economist Receives 2006 Lawrence R. Klein Award for Blue Chip Forecast Accuracy Paul Kasriel, senior vice president and director of economic research for The Northern Trust Company, is the recipient of the 2006 Lawrence R. Klein Award for Blue Chip Forecast accuracy. Sponsored by the W. P. Carey School of Business at Arizona State University, the award is one of the most prestigious and long-standing awards in the profession. Kasriel will be honored for having the most accurate economic forecast among the Blue Chip survey participants for the years 2002 through 2005. He will also present his forecast for 2007. forbes.com Mish: Does that mean you believe that inflation is a monetary phenomenon related to increases in money supply and credit as opposed to rising prices? Kasriel: Yes, and that is exactly why Greenspan was so lucky. Inflation was masked by the factors we just mentioned. Mish: How does inflation start and end? Kasriel: Inflation starts with expansion of money and credit. Inflation ends when the central bank is no longer able or willing to extend credit and/or when consumers and businesses are no longer willing to borrow because further expansion and /or speculation no longer makes any economic sense GST But every time you let somebody on the bond bubble thread say the following -- "Inflation is an increase in money supply and credit" (http://www.siliconinvestor.com/readmsg.aspx?msgid=23087851) -- then you are accepting a conversation based on idiocy. When you accept that "inflation is an increase in money and credit", you then have little choice but to accept its circular collalory: inflation is caused by itself -- i.e. by an increase in money and credit. Why anybody would give the time of day to this sort of bullcrap is beyond me -- yet it is here on this thread in spades. Message 23089356 I wonder who the idiot is here?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next