Inflation ??? CdeR

Citing Shadowstats, Einhorn noted inflation calculated under the 1980 methodology would be 9%, as opposed to the less the 2% it is today. The lower real rates will fuel inflation and bad behavior and create bubbles. This easy policy of bubble bailouts is an unhealthy cycle.

Fed’s Lacker says his support waning for “extended period” - “A couple weeks ago I was still comfortable with that language. Decreasingly so,” he said. “That’s where I am now, just sort of marginally comfortable with that language.” Bloomberg

Itron notes CdeR

Itron Notes Link

Sentiment Blown out!! - CDR

Consumer Metrics' Indicators Rolling Over - C. deR

These are very broad based, and include chain stores as well as mom & pops and Ebay, which may explain why these numbers are flat vs. what we are hearing from public chains which benefit from small stores disappearing.

Albert Edwards on the Endgame..Posted in Dropbox - CdeR

Albert Edwards, Société Generale

Dashboard Weeklies updated

http://www.blogger.com/page-confirm.g?blogID=3864256902678231311&pageID=8703338439728332533

1 in 7 Mortgages Late or in Foreclosure - C. de R

Click on graph for larger image 

Ultra Negative Sentiment

“The overall CBOE put/call ratio also exploded to 1.53, a level that wasn’t even seen at the crash lows of 2008 and March of 2009.”

Hayes Calls this a bottom, but maybe not THE bottom pre-elections- C de R.

Don't Miss the JPmorgan Notes! - Cde R

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