| Subject: | FWC: RESPONSE TO FAST EDDIE |
|---|---|
| Date: | Wed, 3 Mar 2010 11:35:46 -0800 |
| From: | Jas Jain |
Fast Eddie refers to Ed Hyman (see Rosenberg's comments below, quite interesting). I knew that Ed Hyman is a rogue economist (calling recessions only after the fact and eager to blow bull trumpet of recovery) when one of the scam-loving born-and-bred American dope stated, during 2007, that Ed Human is the economist he respects the most. Is there any doubt left as to scam lovers, for the past ten years, being dopes? Of course, one reason this dope was long scams and never got out was because Ed Hyman was bullish on the economy until it was way too late. Sad part about Ed Hyman and Warren Buffett is that they are born-and-bred American dopes who are always optimistic about the future no matter how lousy the fundamentals really are. Buffett got his hide saved by the US government. We have crooks, rogue economists and widely followed dopes (propagandists) leading masses of dopes! To succeed in America it helps to be a born-and-bred American dope!! Yes, warren Buffet is now in the propaganda business. There is no business leader who is on TV more than Buffett. There is no second and third (all spots have been taken up by Buffett).
Jas
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RESPONSE TO FAST EDDIE
A valued friend in the financial industry sent me over a little ditty from Ed Hyman's ISI shop yesterday, which in one of its publications, the title went Rogoff, Rosenberg, and Roubini Versus the Yield Curve, Etc. and the tag line below it went like this:
"The yield curve is one argument against the three R's arguments. Another is that sub-potential growth is an anathema, both politically and socially. Another is that the global economy has clearly turned up (supertanker idea). Another is that a profits-led recovery is unfolding that will lead to capex and employment. Another is that global short rates, which are still at a record low, lead by one and two years. Another is that house prices have probably bottomed, eg, Case-Shiller and ISI's house price survey."First, it's always an honour to be mentioned in other publications, especially widely-read ones like ISI's reports, no matter whether it is in agreement or not. We did send back a question to the folks at ISI asking them why it is that if the yield curve is so infallible an indicator that it took them so long to call for the recession because the curve inverted in March of 2006! If memory serves me correctly, Ed made the recession call in the fall of 2008 — 8-9 months after it had already started. We have yet to receive an answer.
| CD Term | Highest Rate (APY) | Where? (Click link for Full Rate Sheets) |
| 6 Month | 1.36% | State Bank of India |
| 1 Year | 1.70% | Tennessee Commerce Bank |
| 18 - Mo | 1.83% | Aurora Bank |
| 2 Year | 2.17% | State Bank of India |
| 3 Year | 3.00% | PenFed CU & 2.60% @ iGObanking |
| 4 Year | 3.25% | PenFed CU & 2.98% @ National Bank of KC |
| 5 Year | 3.50% | PenFed CU & 3.29%@ EverBank |
| 7 Year | 3.75% | Pentagon Federal CU aka PenFed |
| 10 Year | 3.63% | Discover Bank |
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