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Big Bang
Extrapolation of the expansion of the Universe backwards in time using general relativity yields an infinite density and temperature at a finite time in the past. This singularity signals the breakdown of general relativity.
In layman's terms, rising interest rate environment my @$$.
Source Data:
St. Louis Fed: Custom Chart
4 comments:
rising interest rate environment my @$$.
Yep. Here's another one: curved "space"! How can nothing be curved???????
mab,
The "in the black, made whole" is "gravitating" to the "in the red, dwarfed"! That's right, "universely" accepted wisdom predicted "stellar" performance in 2014! In "Deep Space" mission accomplished!
I doubt it's just a "temporal" phenomenon! The speed of "flight" is constant!
Look, all I'm trying to say is that the markets continue ro "hubble' along. The charts "tell a scope" of the problem that few can see though!
I live for puns. And charts. And sarcasm. And gallows humor! They are my four interest rate risers of the epoch-o-lips. ;)
The charts "tell a scope" of the problem that few can see though!
That's why we need "experts"! The more the merrier.
Like Martin Feldstein, board member of AIG in the run-up to the financial crises. He states I am convinced that the real standard of living produced by the goods and services that we buy is increasing faster than our official data reveal.
He also states: The U.S. can and should adopt policies that will cause real incomes to rise even faster. But that is a subject for a future column.
I can't wait for that future column. In fact, after reading Martin's article, I so optimistic I not only want to spend, I want to borrow and spend - against my future real income gains of course.
Also, in case you missed it, Jeremy Siegel is now known as the Wizard of Wall Street!
It must be a new form of sarcasm!
mab,
Of course, significantly faster GDP growth in 2014 is not guaranteed.
Has he not factored in the 40+ million on foods stamps who have seriously pent-up demand for 10,000 square foot homes? The demand is real, especially if each home comes with a fully paid olympic-sized indoor heated pool with accompanying guest house!
I hope he spells out what it would take to derail this "sure thing" gravy train in a future column so we know what pitfalls to avoid!
As for Siegel, I can believe he's a wizard. Take his mystifying 3.5% real interest rate theories. They worked for a "spell" in ancient times. The economy once arcaned but now it arcan't!
His de-illusions or so powerful that even he believes them. That makes him the perfect magi-con! He con-de-jures stocks for the long run! Pick over the undead bone appetits! So succubus! The devil's in the retails!
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