tag:blogger.com,1999:blog-8148573551417578681.post2348029726995617140..comments2024-03-27T19:47:13.475-07:00Comments on Dark Buzz: When evidence is too good to be trueRogerhttp://www.blogger.com/profile/03474078324293158376noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8148573551417578681.post-18758746642266283172016-07-11T19:35:03.101-07:002016-07-11T19:35:03.101-07:00I had the misfortune to work in a credit union for...I had the misfortune to work in a credit union for over eleven years over three refinance booms. Every lending rule was pretty much bent and broken over and over again to the point no one was taking PMI, Equity down, past credit history, bankruptcies, or federal lending rules seriously. <br /> President Bill Clinton wanted everyone to get into a house because he sumised that responsible people had homes, so getting a home would make one responsible by his logic. All it did was prove that lending rules are there for a reason, and that government subsidized lending is a disaster to honest market valuations of anything.CFTnoreply@blogger.comtag:blogger.com,1999:blog-8148573551417578681.post-81527254905225776912016-07-11T14:37:42.593-07:002016-07-11T14:37:42.593-07:00Hi!
backwardations.blogspot.com has been removed f...Hi!<br />backwardations.blogspot.com has been removed for some reasons... <br />Where are you now? <br />And all this content of yours?<br />Thx.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8148573551417578681.post-88292072682391653532016-07-08T17:34:38.761-07:002016-07-08T17:34:38.761-07:00Just look at how much "cosmic inflation"...Just look at how much "cosmic inflation" has hit the housing market (prices up 40%, payments up 20%) while homeownership is at 48-year lows, even though jobs growth improved. They still keep printing and no historical or contemporary evidence supports their theories about a constant need for exponential 2% inflation. Economic historians even found that inflation was more associated with depression. The BOJ, BOC, BOE and Fed are unanimous while trade volumes and global growth have stagnated for a decade according to the World Bank and IMF. Meanwhile, the S&P is trading at 24x and China is building ghost cities. Banks have merged to become larger than ever and half of the community banks have closed up. The Fed loves understated measures like PCE and even the CPI has no basis in rational analysis. Post-Volker CPI included “substitution effects,” which measures relative rather than absolute inflation and is based upon questionable knowledge of demand elasticity, which presents a basic normalization problem. In addition, "hedonic adjustments" for quality are not performed with a Von Neumann-Morganstern preference lottery. True innovation reduces prices but only masks inflation. They also use a completely idiotic non-market rent measurement called OER and an inaccurate and underweighted health care component. David Stockman's Flyover CPI shows inflation at over 3% per annum. Even the empirical literature on multipliers have refuting anything over 1. John Nash couldn't even get them to talk about the flaws in their monetary theories. Policy makers are in a bubble.Anonymousnoreply@blogger.com