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....................................... From today's FOMC statement:
"The Committee perceives that the upside and downside risks to the attainment of sustainable growth for the next few
quarters are roughly equal. In contrast, the probability, though minor, of an unwelcome fall in inflation exceeds that
of a rise in inflation from its already low level. The Committee judges that, on balance, the risk of inflation becoming
undesirably low remains the predominant concern for the foreseeable future. In these circumstances, the Committee believes
that policy accommodation can be maintained for a considerable period."
..........
"The Rydex Juno Fund seeks to provide total returns that will inversely correlate to the price movements of a benchmark for U.S. Treasury debt instruments or futures contract on a specified debt instrument. The Fund's current benchmark is the inverse of the daily price movement of the Long Treasury Bond." .......... Laszlo Birinyi writes in his most recent column that "you can't trust chartist or fundamental analysis." He says that technical analysis is "daffy" and "is not analysis; it is little better than reading bird entrails." Don't be swayed by their "fancy numerical mumbo jumbo." Or as Martin Fridson famously put it: "The only thing we know for certain about technical analysis is that it's possible to make a living publishing a newsletter on the subject." .......... Found this neat post at Joi Ito's: "Aoccdrnig to rscheearch at an Elingsh uinervtisy, it deosn't mttaer in waht oredr the ltteers in a
wrod are, olny taht the frist and lsat ltteres are at the rghit pcleas. The rset can be a toatl mses and you can sitll
raed it wouthit a porbelm. Tihs is bcuseae we do not raed ervey lteter by ilstef, but the wrod as a wlohe."
Which I guess inspired this Word Scrambler Thing. .......... William Pesek Jr. writes about the politics of renminbi revaluation:
"What U.S. senators criticizing China forget is that the yuan is becoming more competitive because the dollar is losing
ground. Beijing's dollar-peg has been in place since 1995; all that's changed is that investors are losing confidence in
the U.S. currency."
.......... Patricia Adams writes that "a world of lenders and borrowers disciplined by the Doctrine of Odious Debts would promote both economic and political stability." I agree, and I also believe that "Odious Debts" would be a great name for a punk band. Previous Entry >>> Random Thoughts -- September 15 |
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Chairman MaoXian |
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