Mish fires back at iTulip

[metalman]

Re: Mish fires back at iTulip

Mr Shedlock likes to fire a gun.
He recently fired hard towards Prof. Fekete.
He is entitled to.
EJ will of course be right, as in the long run, somewhere down the road we will see inflation.
Shedlock, is right at the moment.
Disinflation looks to me as the most probable.
If Mish and itulip put up a timeframe for predictions, they would probably come to an agreement.

Anyways, discussion is good as long as it is constructive.

two handy charts compare ej's vs mish's inflation/deflation calls...


itulip kapoom theory of cycles of disinflation and reflation

mish's stopped clock theory of deflation

[LargoWinch]

Re: Mish fires back at iTulip

two handy charts compare ej's vs mish's inflation/deflation calls...


itulip kapoom theory of cycles of disinflation and reflation

mish's stopped clock theory of deflation

You forgot one image near the bottom:

[e_goldstein]

Re: Mish fires back at iTulip

For what it is worth, Mish is a very talented photographer; but I wouldn't trust him with a dime of my money.

http://www.michaelshedlock.com/BestImages/index.html

[Supercilious]

Re: Mish fires back at iTulip

Look, I don't agree either to characterize what happened since the end of July as disinflation, also I don't agree with the idea there is no oil bubble.

In my books we went through deflation and the oil was brought to $147/bbl by a financial bubble anchored in commodities futures as I've explained at length in the oil bubble thread.

But that's fine, because nobody has the monopoly over the absolute truth and I can agree to disagree on various definitions with EJ and Fred.

According to iTulip official definitions what I call deflation is called disinflation and what I call oil bubble 9which was actually a cover for a financial paper bubble) is called Peak Cheap Oil. No problem here.... probably there is someone out there calling them as Matilda and Brunhilda.

So even if I'm firmly in the deflationary camp, without biased intent of bashing Mish.. what can I say?... even a broken watch is correct twice a day.

[FRED]

Re: Mish fires back at iTulip

Look, I don't agree either to characterize what happened since the end of July as disinflation, also I don't agree with the idea there is no oil bubble.

In my books we went through deflation and the oil was brought to $147/bbl by a financial bubble anchored in commodities futures as I've explained at length in the oil bubble thread.

But that's fine, because nobody has the monopoly over the absolute truth and I can agree to disagree on various definitions with EJ and Fred.

According to iTulip official definitions what I call deflation is called disinflation and what I call oil bubble 9which was actually a cover for a financial paper bubble) is called Peak Cheap Oil. No problem here.... probably there is someone out there calling them as Matilda and Brunhilda.

So even if I'm firmly in the deflationary camp, without biased intent of bashing Mish.. what can I say?... even a broken watch is correct twice a day.

Disinflation isn't over yet.

No treasury bond bubble. Treasury yields will be bouncing around down here awhile.

No oil bubble. Oil prices will not fall much below 2006 "bubble" prices.

Pay attention and you may learn a thing or two.

[Supercilious]

Re: Mish fires back at iTulip

Disinflation isn't over yet.

No treasury bond bubble. Treasury yields will be bouncing around down here awhile.

That has yet to be determined

No oil bubble. Oil prices will not fall much below 2006 "bubble" prices.

C'mon Fred, let's not reignite the oil bubble fire... this is getting funny. Now it's not a bubble because the prices will not fall (from 147/bbl) to much bellow the 2006 bear trap? :eek:

Pay attention and you may learn a thing or two.

I'm all ears .. as usually ...