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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: joefromspringfield who wrote (6970)	2/27/2012 1:31:17 PM
From: Boca_PETE	Respond to of 10065

Joe, Thanks for sharing your Burton Malkiel communication. " I think Ben Bernanke must not ease too soon so inflation does not creep into wages and other prices." COMMENT: I guess when he cautions that Bernanke needs to be cautious in any further easing, he implies in creation of new money by doing more quantitative easing (ie. Buying more securities in the open market in exchange for newly created dollars. What I never hear getting discussed by Brinker or other business media pundits are the measures (if there are any) of destroyed money (bad debt writeoffs on prior reported sales of any sort and other written off debt balances that in relation to new money creation. I would think that such writeoffs represent an offset to new money created when evaluating the potential for future inflation. "High gas prices certainly are a tax and have contributed to the slowdown in Q1." COMMENT: They represent "a tax" just as much as other increases in price of widely used commodities and produced goods and services that represent "necessities". JMHO. P

To: joefromspringfield who wrote (6970)	2/28/2012 5:30:01 PM
From: gronieel2	1 Recommendation Respond to of 10065

Joe, Thanks for posting Malkiel's views on oil prices. Seems like it can be anything you say it is. On one hand but on the other hand.... BTW, do you agree with Malkiel's views on the futility of stock picking and market timing? He seems to think they are pretty much a waste of time and the market is pretty much as described in his book A Random Walk Down Wall Street. He may be right but on the other hand buy and hold hasn't proven successful over the past ten years either.