Posted by fatjabber on May 10, 2012 · Leave a Comment
The big debate amongst our colleagues the past several weeks has centered around the importance of the housing market in ensuring a strong recovery. In the face of pundits’ claims such as one proposed by A. Gary Shilling that housing prices could be expected to fall another 20%, we have remained adamant contrarians bearing witness … Read more
Filed under Economic Recovery, Equities, Housing, Market Musings · Tagged with 'wealth effect', A. Gary Shilling, Census bureau, Contrarians, Fed's Third Mandate, Federal Reserve, Laszlo Birinyi, Robert Shiller, S&P 500
Posted by fatjabber on August 5, 2011 · Leave a Comment
We’ll be among the first to see yesterday’s market action as an outright capitulation and a near term buying opportunity (Lazslo Birinyi, Barton Biggs are included in the bull market camp). Once the dust settles and fears are allayed, the markets will recover much of their losses (S&P is down -5% ytd) and retrace to … Read more
Filed under Economic Recovery, Equities, Monetary Policy · Tagged with 'wealth effect', Barton Biggs, Ben Bernanke, Capitulation, Earnings, Fed's Third Mandate, Helmut Schmidt, Laszlo Birinyi, Lowry OnDemand, Mean Reversion, QE3, S&P 500
Posted by fatjabber on August 3, 2011 · Leave a Comment
It has become quite clear to us that the pessimism that pervades the equity markets will soon provide the setting for another round of quantitative easing by the Fed. That’s right, QE3 by our estimation is back on the table and up for serious consideration. We see QE3 as an inevitable result of weak, anemic … Read more
Filed under Commodities, Economic Recovery, Equities, Market Musings · Tagged with Barton Biggs, Bill Gross, Bond Vigilantes, Ed Yardeni, Flattening Yield Curve, Goldman Sachs, Laszlo Birinyi, Paul Krugman, QE3
