Durable goods and all the other rigged economic information makes it appear a recession has been avoided (just don't question the GDP deflator!) Anyway, it looks like Bernanke may have halted the immient collapse of worldwide financial systems. The guy deserves a metal.
The economy should have imploded by now. The fact that we are still moving along is nothing short of a miracle? I seriously mean that.
You perceive that we're "working well" only because you have bought the BS.... things not as good as painted...
Durables are normally a volatile series. I would consider Bernanke a genius if he had let us have a recession and curbed inflation - saving the value of my dollar and preventing a massive rise in commodities. Speaking of metal jackets, I think I'll put on my flak jacket as the above comment will earn me some flak.
Shouldn't. Anybody with half a brain understands you are correct. (How many ET'ers does that exclude? )
Ivan, if you can't beat em, join em. If inflation and dollar debasement are the game. Load up on debt and use it to short the dollar. :eek: Borrowing at anything less than the real inflation rate is free money. I still thing long-term CAD and maybe JPY are the way to go.