Tweet
Rick Ackerman
-
Rick Ackerman
-
Re: Bond...Bear Bond (Ackerman)
Don
Max personal stock value fell though the floor last week when he "declared" that his sources (HP/Henz?) told him that an amry of hedgefunds where about to attack. "With in the next 24 hours my sources tell me they be an all out attack, a killer blow on the $"........................the $ climbed after that...........i rather listern to Cramer.
Let us not forget that during the deflationy bust he turned on Peter Schiff, worse than that he jumped into bed with MISH!
Some of us kept the faith with Peter (after checking with EJ that this deflation was just temp) & Ye, we was rewarded & i think going foreward Schiffs funds will do well...........I was funny watching Max interveiw Peter, i mean is always happy to talk (thats his job) but you could sense just how pissed with Max he was (well if not Peter i Bloody well would be!)
I like Max very much & enjoy his input with Stacy, its intesting to see his thoughts on things...........but he should taken with a pitch of salt.
Mike -
Re: Bond...Bear Bond (Ackerman)
Absolutely, Mike...and pass the chips!Comment
-
Re: Bond...Bear Bond (Ackerman)
As for Ackerman, i was been drinking when i saw the tape, but as i recall he another DEflationist whom forgot that the central banks have 2 things:-
A Printing press
Unlimted balance sheet
CB only EVER do one thing, they PRINT.........either a little or a lot!
MikeComment
-
Re: Bond...Bear Bond (Ackerman)
How many times does a forecaster have to be wrong before he's officially wrong?Originally posted by Mega View Post
Let's call the whole thing off!
February 15, 2007
You say inflation, I say deflation,
You say depression, I say stagflation;
Inflation, deflation, depression, stagflation,
Let's call the whole thing off!
(With apologies to George and Ira Gershwin.)
The song "Let's Call the Whole Thing Off" was written during The Great Depression, in 1937. A fitting title and song for the debate over how the latest experiment in exponential credit growth might turn out.
Below is the full 48 minute debate in .wav and .mp3 formats.
"Eric Janszen believes that the housing bubble will continues to drag on the U.S. economy, which is vulnerable to a debt deflation due to an excess of private and public sector debt left over from repeated reflations over the past several decades. U.S. economy will experience another period of industrial economy disinflation, asset deflation, followed by government reflation of assets, followed by inflation in the industrial economy. Rick expects an uncontrolled debt deflation, accompanied by a decline in the all-goods price level. "
Janszen debates Ackerman on inflation versus deflation Feb. 2007
While we're at it, remember this?
Janszen debates Mish on inflation versus deflation Dec. 2006Ed.Comment
-
Re: Bond...Bear Bond (Ackerman)
I guess i be invited on his show next....i been more right than most of Max's guests (these guys worked in Wall St !)
MikeComment
-
Re: Bond...Bear Bond (Ackerman)
he calls for hyperinflation at 6:37 in part 2 . I didn't listen to the debate. Did he change his mind?Originally posted by FRED View PostComment
Comment