Kushinator
I'm not-low all the time

How about yourself? I've noticed the economics forum has declined in quality quite a bit.. the number of posters I actually read on this board get fewer and fewer every time I check it. I'm sure RL is treating you nicely if you're still working in the markets. What's your personal outlook?

Hey man, been doing great just been super busy recently so I haven't been able to post much. The rally is great! I gotta say, business is much better when things are going up.. and being bullish leaves a better taste in everyone's mouth. My economic perspective is pretty radically different than when I was posting last year -- I have much more faith in the strength of the recovery, believe markets have muddled through the worst, and think the unemployment crisis demands more attention than the fictional "debt crisis". Right now, I agree with most economists that we should have a slow start to the year but will pick up steam in the second half of the year. It's still a tricky time to invest - is it 1986 or 1995? Personally, I'll be waiting for a technical correction before dipping my toe back in and I think the yen trade is still one of the best opportunities out there.

Woo 'fiscal cliff'. How long before we get a compromise in the new year?

merry christmas kush

Kushinator!!!! You have the funniest Avatar on DP!! What an absolute hoot!!!

What's 150b between friends? That's only like the subsidy to PBS :P

Thankyou for restoring sanity and pointing out the obvious in the Peter Schiff thread.

hey sorry I missed you in chat last night, maybe next time lol

That's definitely true. Sustaining expectations were a primary reason for leaving the easing open-ended. Did you get a chance to read the Woodford paper? He proposed that the expectations channel is more effective than the actual market operations. Most people are saying that paper was the primary factor in Bernanke's decision. Do you support NGDP targeting? What do you see as the drawbacks?

Both quantitative and open-ended easing affects inflation expectations. One of the main purposes of quantitative easing is to reduce the real interest rate once the nominal rate is zero. I don't understand why a poster of your stature would believe otherwise.

Graph: 10-Year Treasury Constant Maturity Rate (DGS10)-10-Year Treasury Inflation-Indexed Security, Constant Maturity (DFII10) - FRED - St. Louis Fed
Best Chart: Fed Purchases Boost Inflation - Businessweek