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Latest Articles in this Channel:
- 08/04/10--12:49: Comment on About This Space… by Rom (chan 1304333)
- 08/04/10--17:19: Comment on About This Space… by professorpinch (chan 1304333)
- 08/09/10--07:40: Comment on About This Space… by professorpinch (chan 1304333)
- 08/09/10--17:57: Comment on About This Space… by JM (chan 1304333)
- 08/15/10--09:35: Comment on On Gold, Guns, Bread and Cadillacs… by Andrew (chan 1304333)
- 08/19/10--14:23: Comment on About This Space… by walter (chan 1304333)
- 08/19/10--14:23: Comment on On Gold, Guns, Bread and Cadillacs… by Where to find the gold jewelry or fashion jewelry? | business suit (chan 1304333)
- 08/19/10--18:22: Comment on About This Space… by professorpinch (chan 1304333)
- 09/08/10--11:29: Comment on Forgetting Faux Stress Tests, Reclaiming Experience and Possibly Ourselves by Andrew (chan 1304333)
- 02/15/11--03:07: Comment on A Quick Blurb on Mortgages & Treasuries by mark nordlicht (chan 1304333)
- 11/22/11--04:03: Comment on Minding the Gap: Potential Real GDP vs. Real GDP by Manik (chan 1304333)
Congrats on being a professor. I am a big fan of Minyanville.
Thanks, Rom. I'll still be around here, and possibly lurking on your blog as well, leaving what I hope are incisive comments ;)
Here's my Davian Letter feed: http://davianletter.com/blog/profpinch/rss
Enjoy.
Really enjoy your posts, and will continue to do so at the new address
You're exactly right. Gold is money. Cadillac is better than a Lincoln. Unfortunately, I have to agree with the first or second comments, the payment structure isn't set up for gold and never will.
It'd be impossible to go to a gold standard because of the huge quadrillion vortex hole we've created on this planet.
We must realize, though, that everything we've created such as <a href="http://www.wallstreetoasis.com/blog/the-student-loan-bubble" rel="nofollow">student loan bubbles</a>, housing bubbles, dotcom bubbles, etc., is all due to fiat currency.
Damn, Prof., I just found your blog and you're gone away! Wish I'd known about it sooner, it's really well done.
[...] On Gold, Guns, Bread and Cadillacs… « Deep Thoughts by Professor Pinch [...]
Thanks. Subscribe to my RSS feed at the Davian Letter or go to Minyanville.
This blog isn't shutting down but the use of this space is changing, for sure.
All those stress tests are just a big waste of time. Instead, lets just end the Federal Reserve.
"There’s nothing we can do about unemployment numbers or Fed interest rate decisions or even if we get fired from our jobs."
There is something we do about the unemployment numbers: once again, end the <a href="http://www.wallstreetoasis.com/blog/federal-reserve-gets-beat-again" rel="nofollow">Federal Reserve</a>, end Keynesian economics and go back to free-market economics.
The unemployment rate is roughly 20-25% and this happened by accident?
Since we're talking about subjects in the area of A Quick Blurb on Mortgages & Treasuries | Deep Thoughts by Professor Pinch, Of the 2.2 million foreclosures supposedly "prevented" by Hope Now Alliance, 53% of homeowners were in default once more within 6 months. Why, you ask? For the reason that the supposed modifications led to higher, not lower payments, because lenders are tacking on missed payments, taxes, and large fees to borrower's monthly bills.
I was reading for my CFA level 1 when I came across this post. Great real life insight to some of the basic concepts I am trying to grasp.
Thanks a lot.