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October 2009

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12

Steve Saville: Popular Misconceptions

October 23, 2009 – Comments (5)

Another good article by Saville  [more]

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13

Steve Saville: Gold and Saving

October 14, 2009 – Comments (1)

Inflation (monetary inflation) is the selected course of action. Always has been, always will be when it comes to the Government, Fed and Treasury. Prices of many asset classes have fallen and will continue to fall, and this in and of itself is *NOT* deflationary. But the Fed (and analysts like Krugman) continue to pepetuate the myth that price deflation = deflation ... which is WRONG! These "deflationary" events are deflation scares in which the Fed is given free reign to drop rates to 0% and monetize debt like there is no tomorrow, due to popular (and intentional) misconception about deflation and thus public acceptance of these polices.  [more]

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17

Mish: Overly Optimistic Consensus Plays Greater Fools' Game Once Again

October 10, 2009 – Comments (8)

Mish has another excellent post (big surprise, Mish nearly always has excellent posts) talking about current and past mark valuations. I wrote a very similarly themed post a couple of weeks ago: Sentiment: P/E, BPSPX, VIX and CPC. I this post I talk about P/E not only has a valuation tool, but also a sentiment tool. And the calculations and comparison for both GAAP and Operating P/E ratios. Here are some excerpts from my post:  [more]

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