I canceled my subscription to this newsletter...Also, what exactly did Janet yelled [sic] say that s [sic] incorrect? It all seems obvious. I ve been hearing from inflationists since 2009 that the world was about to end, and you ve been consistently wrong. There STILL isn't significant inflationary pressure in the American economy, nor the global economy, and we re six years on from the crisis!
This newsletter is pathetic in that it ignores the real world and seems slavishly devoted to monetary policy models that have been outmoded for more than thirty years. I ve made so much money ignoring this newsletter that I ll be able to retire soon, and I m only 46.You can subscribe to the EPJ Daily Alert and do the opposite of what I advise by subscribing here.
For ther record, there is a chapter in The Fed Flunks which explains how I used "monetary policy models that have been outmoded for more than thirty years," to forecast in real time the 2008 financial crisis and subsequent Great Recession.
Also for the record, in the ALERT, I was bearish on gold last year during its price decline and only turned bullish, once again, at the start of this year.
-RW
"You can subscribe to the EPJ Daily Alert and do the opposite of what I advise by subscribing here."
ReplyDeleteLMAO! Funny as hell.
Who knew Jerry Wolfgang was a subscriber?
ReplyDeleteIt's all about timing. If ones doesn't know Austrian economics he ends up riding the bust down. The problem is that knowing Austrian economics is having the guts to ride a bubble up. It's timing. It's going to happen, but when?
ReplyDeleteAnyone who keeps their gains from this bull market by getting out at the top admits by actions the Austrians are right. However, if one listens to it, the bust is always just around the corner. So when's the bust? Nobody really knows.
If you've only been listening to inflationists since 2009 you are what I call a newbie. It is too late for me to retire before 50. Robert, though you are my guy on economic trends, you should look at a chart before you approve trades, like DBA. The chart just doesn't look good. Do your own due diligence everyone.
ReplyDeleteWould I be happy to become that chart guy? Yes I would. And I have friends.
ReplyDelete