Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I read it, thanks. I really do not have time for a "cogent" reply to yours and many other posts that have criticized my sanguine view of the feds action in the last decade.

I have stated many times preference of gradual adjustment in which the economic misery is minimized, to the Austrian "disciplined" approach of resolving economic imbalances by periods of 10 to 15 years of sub par economic activity.

If you look at my long term forecast for the markets (from April 2000, #reply-13483082), to which, five years later, I am still sticking with, it really assumes that economic imbalances will take between 10 to 15 years or so to find new equilibrium.