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Hmmm... : The List of
Hmmm... : The List of
Hmmm...
4.
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but that would only upset the thaasophobes
02SEPTEMBER2012
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human phobia is a learned response that a few
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beings, may go some way towards explaining
the obsession the world seems to have with
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has been a war waged on the downward half
:
eventually be uninhabitable or a forest without
d/
tt
By far the biggest fear of the past several years
Hmmm...
5.
1797
1800
1805
1810
1815
1820
1825
1830
/
fall
fall
fall
d
lower fall in the level
fall
The fall
^
't
hd&
Z
d'
W
ht
/&
d
^
1835
1840
1845
1850
1855
1860
1865
1870
1875
1880
1885
1890
d
d
opposed to it being something that must be
'
hats lining up for either jobs ... Without a forceful policy
response,
we
would
have
had
a
we?
much worse outcome.,
But what are the origins of
to keep even the most sanguine of men awake
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is no less dangerous than when they break to
the downside and yet nobody seems to have
any great desire to pop bubbles while they are
1895
1900
02SEPTEMBER2012
Hmmm...
6.
1901
1905
1910
1915
1920
1925
1930
1935
1940
1945
d
h^
h^
the end of the Great Depression in 1933, the
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1950
1955
1960
1965
1970
1975
1980
1985
1990
1995
SOURCE: ZEROHEDGE
h^
/t
we take a look at nominal GDP on a logarith
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,
during the 1930s was that the Federal Reserve
2000
2005
02SEPTEMBER2012
Hmmm...
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pedal, and that to
happen again, all he had to do was, well, print
Et
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h^
h^
h^
h^
h^
h^
7.
t
dD
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death, taxes and the Mets blowing any kind of
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Y
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Clearly, it stands to reason that QE1 was imple
SOURCE: BLOOMBERG
02SEPTEMBER2012
Hmmm...
Bernanke was hardly likely to make the same
8.
now, would you?
^taking of some heavy
& sharp fall
Y
^W
Y^
^W
&
QE2 would begin, the bond market slid pre/
though by the end of the experiment, they had
&
The end of QE2 brought
arrows show the movement ... Now, it isnt the kind of
in the of US 10-year
thing that is talked about at
treasurys whilst yellow arcocktail parties at the Marriner
^W- S. Eccles building, but the rise
in US government bond prices
&
Y
d^W
Y
D&
/
behaviour happens, huh?
QE2 was onlyY
h^
&
Chairman would now do enough to a
02SEPTEMBER2012
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ers
materially higher than at the beginning of QE1,
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as
Bernanke had been
Hmmm...
9.
K
dtEdz'd
^W
fear was that of missing out and there had nev
h^
Y
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there?
SOURCE: BLOOMBERG
02SEPTEMBER2012
D
Hmmm...
&
&
&
&
E/
&
t
&
d
d
&
QE3 IS coming
D
but soon and when it does,
&
the ECB, the BoE and
the PBOC with the
BoJ tagging along
why not? Not
02SEPTEMBER2012
10.
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>
get its head out
of its a**
D
:,'
d
/
z
t
t
d
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z,
Draghi has promised to always
within his man
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Hmmm...
11.
K
d
dd
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WK
Gold
*******
OK.... so a
/
:,
Y
^Avengers
fear of falling that all of us are born with? Well,
want of trying and in the next few months they
<
&
Z
^
D^
Z
&
d
/
K
:t
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'^
W/Wt
:'
Jon Stewart
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d/
tell me whose idea of a joke it was to make the
d
SOURCE: BLOOMBERG
02SEPTEMBER2012
11