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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (75262)	12/11/2006 11:51:39 AM
From: mishedlo	Read Replies (2) \| Respond to 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?

To: orkrious who wrote (75262)	12/11/2006 11:54:07 AM
From: mishedlo	Read Replies (1) \| Respond to of 110194

I would at this time like to thank SonnyJim for being the only one with enough guts to stand up and call GST’s postings for being inane. He was the only one to respond to an absurd lie by GST for proclaiming that I said inflation causes inflation. Message 23088806 C'mon that isn't at all what Mish said or implied. The thread is getting pretty tired of your inane postings. How did GST arrive at his lie? By mixing my definition of inflation (Inflation is an increase in money supply and credit) with his definition (inflation is an increase in prices.) Message 23088755 On that basis GST concluded that I said inflation causes inflation. In other news GST concluded that chocolate causes cause chocolate, and blue skies cause blue skies. Yes GST your post was inane and SonnyJim called you on it. Thanks Sonny it was appreciated.

To: orkrious who wrote (75262)	12/11/2006 2:23:21 PM
From: GST	Read Replies (2) \| Respond to of 110194

Quote: "at a time when productivity was soaring and the global supply of goods was expanding rapidly because China had entered the world trading arena. In that environment the Fed could create large amounts of money and credit without causing inflation other than in asset prices." globaleconomicanalysis.blogspot.com Does that sound like a man who thinks that money supply is inflation. If you believe he does. please feel free to explain how the Fed could create large amounts of money and credit without causing inflation? If inflation is money supply then you could hardly have a large increase in money supply and no inflation.