IS LEAMER A DREAMER? By Rosenberg

BTIG Fed Model With VIX Risk Adjustment

------- Original Message --------

Subject:	FWC: IS LEAMER A DREAMER? By Rosenberg
Date:	Tue, 24 Aug 2010 07:34:11 -0700
From:	Jas Jain

IS LEAMER A DREAMER? By Rosenberg

For the record, I had identified Prof. Ed Leamer as a rogue economist in 2007. America is full of dopes, Crooks and rogue economists. And there in lies the problem that has no solution. Americans, collectively, are working themselves, and working very hard, towards a catastrophe. And rogue economists are doing their part.

Jas

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David Rosenberg; 08/24/10:

"IS LEAMER A DREAMER?

"We mentioned yesterday that the Ceridian-UCLA Pulse of Commerce Index ticked up in July, prompting its architect, Ed Leamer, to tell that Globe and Mail that "I don't think that a double-dip is in the cards." Never mind that this index appears to have peaked in early 2008, after the recession actually began. But no sooner did the ink dry on our report that we received this from a faithful reader, regarding Mr. Leamer:

"My favorite WSJ quote (12/14/2006) to this day is: "This time will be different," Ed Leamer, who heads the forecasting center at the University of California at Los Angeles' Anderson School of Management, predicts in a report: "This time the problems in housing will stay in housing."

"Come to think it, this sounds like something Bernanke would have said."

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BTIG Fed Model With VIX Risk Adjustment