Dec

13

Department of Useful Idiots

December 13, 2021 |

El-Erian Says Transitory Inflation Call Likely Fed’s Worst Ever

There seems to be much agreement on my post about the former partner of the Upside down man. Who are the other useful idiots and why are they predominantly wrong?

why is the big data provider and their major expert writers so wrong all the time? (1) they are always bearish. in line with their former hatred of 45 and now the institutions like the fed that are hold overs. (2) they don't realize that there is a drift in the stock market. (3) which ever market is down the most they come up with reasons to be woeful about it. (4) they have a political agenda that is very negative and very political for what's happening in the US. what other reasons can you think of? can the idea be generalized to the big options firm?

(5) most of their columnists like Mike Lewis and the useful ever wrong former partner of the upside man are highly progressive and tend to be distrustful and angry with what's happening. they fail to take into account regulatory capture and the return on capital investment.

the fed will do its thing and show its relevance. the hatred and shame for the US will be dissipated tomorrow perhaps.

at least the buttoned down pseudo academic former partner of upside down man gave a tell by telling us the low interest rates were much too low on a day when interest rates had one of the biggest declines.

Vic's twitter feed


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