Bob Heller: Wrong, Wrong, Wrong

Bob Heller, a former Fed official, just popped on Bloomberg and stated that the Fed messed up the economy, get this, by raising interest rates too high and wrecking the housing market. I try not to get too belligerent when pointing out these foolish pundits but this guy must be an ABSOLUTE IDIOT.
Remember, this […]

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Now They Really Don’t Know What They’re Talking About!

Bloomberg’s Open Exchange is interviewing Jonathan Lewis, head of some firm which I’m sure manages billions of dollars for someone or other. Most readers of the blog know my pet peeve regarding talking heads who espouse boneheaded strategies and/or outlooks. But this guy Lewis seems to have his data wrong as well.
He just […]

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Matt Simmons on Bloomberg @ 2PM pst

For any of the peak oil skeptics, I’d highly recommend tuning into Bloomberg’s Open Exchange program today at 2pm PST and listening to Matt Simmons. He is the author of Twilight in the Desert and one of the best speakers on this subject.
If you do tune in, be prepared for actual hard data, not […]

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Another Week, Another Plea for sub-3% 10-year notes

Dawn Bennett of Bennett Financial Services just appeared on Bloomberg and nonchalantly mentioned expectations of the 10-year note coming down to 2.25% in 2008. She also asserted that there was no inflation — only phantom inflation. She used the ridiculous comparison of gas prices in the US to gas prices in the UK […]

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10-Year Treasury Yield at 2.5% ?!?

Scott Minor (sp?), CIO of Guggenheim Partners, appeared on Bloomberg’s Final Word program today talking about interest rates. According to him, once the Fed gets the 10-year note down to 2.5%, the housing market will see buyers coming back to the table.
Now I don’t disagree that 2.5% long-term rates will bring buyers back (including […]

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Are These People Really This Useless?

I’m listening to Quincy somebody or other from the Hartford (it’s not really worth knowing her name unless to ignore future musings) on Bloomberg Open Exchange. Not only is she rehashing, months too late to be any use, what we all know about the housing market (builders have too much inventory, owners can’t sell […]

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