ZeroHedge/ShadowStats and hyperinflation

[lieqiang]

Originally Posted by richrf

Another student.

From 2012:

Originally Posted by richrf

If you look at the long term charts, the Dow appears to be topping out

Lol. Expert indeed.

[richrf]

Originally Posted by lieqiang

From 2012:



Lol. Expert indeed.

Totally amazing. I guess you are just representative.

[lchoro]

Originally Posted by MTAtech

WSJ editorial pages have a bad track record. In 2009, they were predicting hyperinflation from expansionary monetary policy and pedaled the elusive confidence fairy.

No matter how wrong the scare stories have been in the past in Zerohedge, there’s always a willing audience. That's how they make money.

XAU doubled in two years off the 2009 low, much faster than the stock market. As with any printed material, you can't look at one single article and assume you've done your research. The same is true with brokerage research, industry news and analysis, and other sources. They are all subject to change over time, and your views should change with them.

You also have to be able to tell the difference between op-ed pages and real news. If you can't analyze information, then you're subject to relying on the opinions of others, which are subject to change as they receive new information. I have no opinion about WSJ articles. They have useful industry and market news. Sometimes, they have opinions of people that are well-respected. If you're going to use any site, you're going to find which ones are useful and which ones aren't. You're going to find externally-sourced material, many of which have agendas with conflicts of interest.

I find people often mistake ZH's cycnicism for bearishness. Their negative view on the economies is often offset by their view that the authorities will intervene in the markets.

[ContrarianEcon]

Originally Posted by Linda_d

What's so magical about your blue line? Aside that it's blue, and somebody told you it represents when the US was "prosperous". Well, that's bunk because it doesn't align with historic recessions at all. Furthermore, the rise and fall of the "debt as % of GDP" line says absolutely nothing about debt being the cause of any economic downtown, and everything about it being a result. If US debt is x and GDP is y, if the GDP drops by 50% or whatever it did early in the Great Depression, then debt is going to "soar" to 2x vis a vis GDP even if not a single extra dollar is added to it!

Engage your brain and think. To answer the question I asked. When it was above the line and going up it was the end of the roaring '20's and the start of the great depression. And it was the mid '80's through 2008. Going down it was the Great Depression.


So what should the economy look like coming down from such a high total debt? Great Depression?


We've got a debt bubble to pop. And it is going to suck.