Sunday, February 2, 2014


just came across this chap.
excellent input well worth reading.


forget the first paragraph in the essay and ignore the Funds section.
there are numerous very interesting data points in the article.

one element that i suspect he is not properly incorporating into his analysis is the next surge in inflation.
i believe that he has been a bear for some time. thus missing out on the 2013 surge.

also, check out the links.

btw: the following quotes from obama's state of the union are very informative. are obama and yellen in the process of abandoning the "wealth effect"?

"Today, after four years of economic growth, corporate profits and stock prices have rarely been higher, and those at the top have never done better. But average wages have barely budged. Inequality has deepened. Upward mobility has stalled. The cold, hard fact is that even in the midst of recovery, too many Americans are working more than ever just to get by; let alone to get ahead. And too many still aren’t working at all.

So our job is to reverse these trends."

                                 "And while the stock market has doubled over the last five years, that doesn’t help folks who don’t have 401(k)s.
                                 That’s why tomorrow I will direct the Treasury to create a new way for working Americans to start their own
                                 retirement savings: MyRA. It’s a -- it’s a new savings bond that encourages folks to build a nest egg."