Posted on 07/08/2006 4:44:32 PM PDT by churchillbuff
Oh I'll digest it. And thank you for the ping.
I've just not been at my computer long enough to read it. Matter of fact, I'm leaving again :))
World Nut Daily. Move on.
Stopped right there. There is no way to convincingly discuss this kind of thing when all the evidence is "secret."
I've started to think of it as "faith-based."
More than a little sobering.
You've posted the same intentionally misleading charts as always. Do you think anyone is fooled by that crap?
You've perfected the art of "thread as laughingstock." But you still don't know jack squat about Winston Churchill (unless you're being deliberately contrarian).
http://www.comstockfunds.com/index.cfm?act=Newsletter.cfm&category=Market%20Commentary&newsletterid=1249&menugroup=Home
The "Soft Landing" Myth
The hope of investors that the economy will gently ease into a soft landing is based more on myth than reality. Although the vast majority of economists and strategists are forecasting a soft landing rather than a recession, the fact is that soft landings have rarely happened in the past 50 years, and the consensus of economists has never accurately forecast a single recession. In addition every recession has been preceded by a bear market.
Over the last 50 years the Fed has made three or more consecutive tightening moves 11 times including the current period. Of the prior 10 times, 8 have led to recessions and 9 to bear markets. The only true soft landing occurred following the tightening series of 1994, and, of course, this is the template that analysts like to use as a comparison to the current period. The only other instance where the economy did not fall into recession following a series of tightenings was in 1966, which was a close call. In that instance, however, the Dow plunged by 27%, hardly a soft landing for investors in the market.
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ping
ping
Certainly not the CPI chart. As for the price of commodities, those are quite real.
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