Thursday, January 6, 2011
The 1st d Boy emerges...
Why Inflation Fears Are Seriously Misguided
It is fitting that this d Boy is a professor because so many of them are professorial and highly analytical as they enthusiastically scarf up the breadcrumbs left for them to follow. I don't get what he means by this, however:
"I bring this up because hard money advocates on the right like John Tamny and Kevin D. Williamson seem to ignore this important point."
One might even read into this that we have an intellectual rationalizer here, schooling some big, bad right wing hard money advocates. What the hell does politics have to do with a sound money system?
d Boy, i Boy, I could not care less. But if a few more of this gentleman's buddies get ballsy enough to crawl out of their bunker, I will then be able to fine tune my b/s detector for coming events.
What the intellectuals don't seem to ever get is that yeh, at certain flash points inflation fears are seriously misguided. But a shit load of money was made by getting fearful of inflation last June; you know, the last time the hint of deflation was still in the air, post-flash crash?
We await the d Boys to confirm the next time that the inflation trade offers good risk vs. reward. Meanwhile, if you see the d Boys - and their Armageddon rhetoric - coming ahead of time, they really cannot hurt you, you silly inflationist dumbasses, you.
Edit (9:36) Adding a graph called to my attention by blog reader and former Bloomberg guy Steve. This is really cool, thank you!