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John Paulson says double-digit inflation is coming.
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Date: October 20th, 2012 12:56 AM Author: contagious buff digit ratio 9/27/2010
"Multibillionaire hedge fund operator John Paulson, the investment genius who made a killing going short subprime mortgages a few years ago, told a standing room only crowd at New York’s University Club that double-digit inflation is about to rear its ugly head by 2012"
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Date: October 20th, 2012 1:07 AM Author: hot point Hasn't he been wrong basically continually since the subprime crisis? (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#21834837) |
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Date: October 20th, 2012 8:22 AM Author: passionate unholy double fault (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#21835833) |
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Date: October 20th, 2012 9:13 AM Author: bright codepig and he's still worth $15 billion for his supposed financial wizardry. lol @ finance (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#21835892) |
Date: October 20th, 2012 1:11 AM Author: pink underhanded queen of the night High-finance: never not wrong. (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#21834862) |
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Date: December 20th, 2018 1:16 PM Author: pink underhanded queen of the night (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#37440357) |
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Date: October 20th, 2012 1:11 AM Author: Lime bateful nowag principal's office “If you don’t own a home buy one,” Paulson recommended; ” if you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home.” (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#21834863) |
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Date: October 20th, 2012 1:28 AM Author: contagious buff digit ratio Well, it might have worked for Phoenix, which has had a nice boom. (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#21834973) |
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Date: October 20th, 2012 1:30 AM Author: iridescent nubile step-uncle's house prole I would love this. Inflate away dem loans. (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#21834980) |
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Date: October 20th, 2012 1:30 AM Author: contagious buff digit ratio Will firms inflate away our salaries? (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#21834983) |
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Date: October 20th, 2012 1:32 AM Author: iridescent nubile step-uncle's house prole At some point it would catch up. For those who are negative net worth individuals it would still be better to take the hit in real salary. (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#21834997) |
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Date: October 20th, 2012 2:01 AM Author: pea-brained toaster legend how best to prepare? (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#21835081) |
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Date: October 20th, 2012 2:07 AM Author: bright codepig i am not sure why people believe john paulson is some sort of financial prophet. (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#21835108) |
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Date: October 20th, 2012 2:09 AM Author: contagious buff digit ratio 'Cause he has a few billion dollars. (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#21835118) |
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Date: October 20th, 2012 8:22 AM Author: umber place of business I have been trolling for this since around 2009. Still has not happened yet. Basically the banks can't afford it and the fed keeps buying treasury auctions keeping rates down. (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#21835831) |
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Date: September 19th, 2018 12:40 AM Author: sadistic karate public bath (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#36838129) |
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Date: October 20th, 2012 8:23 AM Author: passionate unholy double fault He's smart. This dude gets media coverage with his outrageous predictions. He's mostly forgotten about, except if one hits, then he looks like an oracle. (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#21835835) |
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Date: October 20th, 2012 8:25 AM Author: carmine hell philosopher-king soros admits he got lucky, right? the rest of these assholes are pretty tiresome (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#21835837) |
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Date: September 19th, 2018 12:41 AM Author: deranged sapphire chad tank Paulson stole his one good trade idea from Michael Burry, before that he was doing vanilla merger arbitrage and has never demonstrated the ability to self-generate real alpha (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#36838136) |
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Date: September 19th, 2018 12:43 AM Author: sadistic karate public bath I wish it were possible to search inflation threads back to 2010ish. Quite certain we'd find a treasure trove of DrakeMallard/Refunkulus, etc. MFEing about hyperinflation anyday now (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#36838154) |
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Date: December 20th, 2018 1:20 PM Author: Bearded coffee pot Plenty of respected economists thought it might happen too. Gene Fama and Ed Prescott have nobel prizes and were spooked about it. (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#37440391) |
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Date: December 20th, 2018 2:05 PM Author: pink underhanded queen of the night Fair enough. But perhaps we should pay more attention to what the Dean Baker's and Piketty's are saying. Their narrative of what's occurring has proven prescient. Too many macro-economists assume post WW2 relationships between inflation, gdp growth, productivity, UE rate are the norm. The "new" normal (low growth, low inflation, low productivity growth) has actually been the norm throughout capitalism's history with the macro-models described above, a bit of an aberration. Intense wealth inequality is the ultimate culprit but certain policy makers are still terrified of inflation and feel obligated to raise rates because "when the next recession hits we'll need to cut rates!" It's such a ridiculously circular argument. (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#37440814) |
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Date: December 20th, 2018 2:12 PM Author: Bearded coffee pot What are they arguing for, prescritively? Riding near-zero rates and ignoring inflation going forward? (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#37440879) |
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Date: December 20th, 2018 2:44 PM Author: pink underhanded queen of the night The focus on the fed funds rate and the inflation target ignores the more serious underlying problem. The Fed won't be able to solve the wealth inequality problem. That being said, the fed should be setting a higher inflation target and should set a target for median wage growth, productivity growth, and GDP growth. (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#37441154) |
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Date: December 20th, 2018 4:00 PM Author: Bearded coffee pot Interesting idea. Giving a central bank an explicit target for something it has limited (at best) control over seems dangerous though, unless the inflation target overrides it. In which case you're really just raising the inflation target and would probably end up in an identical medium/long-term situation in terms of real factors but at a higher inflation rate.
If the "real" variable targets take primacy you would probably end up routinely missing your target, allow inflation to move in unpredictable/variable ways, and gut the credibility of the central bank. Reproduce the 1970s, essentially.
They're ideas I would want to see attempted... somewhere else. In the UK or Korea or something. |
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Date: September 19th, 2018 12:44 AM Author: Frisky ratface Did this happen (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#36838160) |
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Date: September 19th, 2018 12:46 AM Author: trip black mediation yeah it was bad but luckily obama, janet yellen, and valerie jarrett saved us (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#36838170) |
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Date: September 19th, 2018 12:47 AM Author: Frisky ratface thank allah (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#36838172) |
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Date: December 20th, 2018 1:20 PM Author: Sienna lay (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#37440390) |
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Date: December 20th, 2018 2:46 PM Author: Copper background story Update? (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#37441161) |
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Date: December 20th, 2018 4:01 PM Author: Galvanic Incel Pozpig Good (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#37441779) |
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Date: December 20th, 2018 4:42 PM Author: Electric Home Lol that anyone views this jew / spic / slav mutt as some financial nostradamus... Paolo Pellegrini had the idea and did all the number crunching, Paulstein just bankrolled it. (http://www.autoadmit.com/thread.php?thread_id=2085629&forum_id=2#37442014) |