Wizard of Oz

Get Out While You Can

Get Out While You Can

Unless you are a speculator, you have no business in these financial markets. Stocks are crazy and likely overvalued. Bonds are likely the next bubble to burst. We are approaching [...]

Full Story
The Great Oz er Fed Has Spoken - Go To The Bunker

The Great Oz er Fed Has Spoken – Go To The Bunker

Image via Wikipedia Image via Wikipedia Below is today’s press release from the Fed. I have emboldened a couple of key statements. “With substantial resource slack likely to continue to [...]

Full Story
Wizard of Oz Economics Runs Into Reality

Wizard of Oz Economics Runs Into Reality

Image via Wikipedia This is an Econ 301 post, a bit more complicated than typical posts. But this post from Nic Lenoir of ICAP and published at Zerohedge is worthwhile [...]

Full Story
The Fed Can't Forecast

The Fed Can’t Forecast

Image by cjzurcher via Flickr Paulson, Bernanke and Geithner have horrible forecasting records. Anyone forecasting, leaves himself open for a certain amount of embarrassment. Yet these people persist in pretending [...]

Full Story