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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: alanrs who wrote (101050)	8/20/2009 6:42:39 AM
From: Real Man	2 Recommendations Respond to of 116555

My point? Not understanding what's going on and blasting people who do. Arrogance at it's worst. No, not na-na. Granted, Mish did note that piling of reserves at the Fed was deflationary, while many frowned at 100% adjusted base jump at the Fed. That was correct at the time. Most of us still struggle with what the Fed really does, but for Mish it appears to be peanuts. He gets it all, except he got it all wrong this year. The point is, he has been ignoring all analytical facts that contradict his religion, deflation, and that is bad analysis. I stopped reading for that reason. Doug Noland at prubear and Bill Fleckenstein appear to get multiple dimensions of this crisis, and so do a few other bloggers.

To: alanrs who wrote (101050)	8/20/2009 7:08:26 AM
From: Real Man	Read Replies (1) \| Respond to of 116555

The second point? We had no deflation! We did have a major credit contraction. Not easy to get if you have D-religion. Perhaps, 16% unemployment in Poland during major inflationary episode is a puzzle too. Fwiw, I am not even an inflationist. Currently I am a bull. But there will be no deflation as the globe recovers, sorry. And the dollar will drop to new lows. -ggg- The Fed will remain very easy for some time, and we'll have more inflation. Commodities will recover to cost of production. US recovery will be on the weak side.