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Shalom Hamou  

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  • Fed's New Policy: Quantitative Tightening? [View article]
    I hate to burst your Bubble but Quantitative Easing is Over Since August 25. Now the Fed is, secretly and unobserved, doing Quantitative Tightening!

    Operation TWIST Again: Quantitative Tightening

    seekingalpha.com/insta...

    Operation TWIST Again
    www.suckerforum.info/f...

    Update Your Software!
    Sep 7, 2010. 06:06 AM | Likes Like |Link to Comment
  • Reading Into the Steep Yield Curve [View article]
    Operation TWIST Again
    www.suckerforum.info/f...

    The title of this article comes from an operation very similar to Quantitative Easing engineered by the Federal Reserve System in the 60's, called Operation TWIST, which ended in a resounding failure and the panic abandon of the gold standard in 1971.

    Operation TWIST: To Boldly Go Where We Have Gone Before: Repeating the Interest Rate Mistakes of the Past by Adam M. Zaretsky of the Federal Reserve Bank of St. Louis.
    www.stlouisfed.org/pub...

    All the Market Crashes we have witnessed have been the result of the yield curve suddenly returning from undervalued to normal. That was true for the "sub prime crisis" as it was for any other crash in history : it is the only way to account for a discontinuity in stock market value If for other crash the easy cure was to lower short term rate, this time it will be, of course, impossible.
    Sep 6, 2010. 05:48 AM | Likes Like |Link to Comment
  • The Nemesis of Long-Term Yields [View article]
    Incredible how my white stick works!
    Aug 24, 2010. 09:08 AM | Likes Like |Link to Comment
  • Friday Roundup: Better than Expected [View article]
    Abstract:

    I am going to show here that central banks have excessive powers which are coherent neither with democratic principles nor with morality. Their existence can not be justified from a mathematical point of view.

    Worse, in light of the exercise of their extraordinary power by Bernanke, I argue that they can pose a real threat to democracy, peace, privacy and individual freedom.

    Because of the immediate dangers that are evoked in these lines I strongly suggest that you reproduce my deeds.

    Bernanke Dark Kingdom: kingdom.yield-curve.net


    "I will argue here that, to the contrary, there is much that the Bank of Japan, in cooperation with other government agencies, could do to help promote economic recovery in Japan.

    Most of my arguments will not be new to the policy board and staff of the BOJ, which of course has discussed these questions extensively.

    However, their responses, when not confused or inconsistent, have generally relied on various technical or
    legal objections—- objections which, I will argue, could be overcome if the will to do so existed."

    Prof. Ben Shalom Bernanke
    Japanese Monetary Policy: A Case of Self-Induced Paralysis?
    For Presentation at the ASSA Meetings, Boston MA,
    January 9th, 2000.


    In my Tract: The Age of Turbulence: Plea for a New Economic Order I prove that after an unknown period of Irrational Exhuberance, which will inflate the Mother of All Asset Price Bubbles, we will have a Keynes' Liquidity Trap, The Crash and The Deep Depression.
    blog.yield-curve.net


    In fluid dynamics, turbulence or turbulent flow is a fluid regime characterized by chaotic, stochastic property changes. This includes low momentum diffusion, high momentum convection, and rapid variation of pressure and velocity in space and time.

    It owns most of the discontinuous and chaotic properties of a Market Crash and of a Keynes' Liquidity Trap.


    There is a remote possibility that The Crash and The Deep Depression, in a pattern similar to Hitler with The Great Depression, will allow the instauration of a totalitarian regime, an Adventure in a New World Order.


    "But the essential issue here is one of insurance, with a relatively modest premium,
    against a potentially catastrophic, very low probability event.

    With that, Peter, would you outline your proposals to us?"

    Chairman Alan Greenspan
    Meeting of the Federal Open Market Committee.
    August 24th, 1999


    First, and with all due respect, Sir, my name is not Peter. My name is Hamou, Shalom Patrick Hamou.

    I propose a plausible alternative to The Deep Depression, The Adjusted Credit Free, Free Market Economy, our New Economic Order.

    It is a fair, prosperous and stable economy that protects its participants from the consequences of The Deep Depression.

    That economy is both liberal and libertarian.

    That New Economic Order does not discriminates and guarantees the individual freedoms of its participants.

    In order to reserve your option to participate you just need to register anonymously, before The Crash, the serial number of a €5 bank note in our Public Cra$h R€gi$t€r It is Free!. crash-register.yield-c...


    By the way, I have just updated a paragraph of my Tract: Model of the Yield Curve. model.yield-curve.net
    Aug 10, 2009. 12:45 PM | Likes Like |Link to Comment
  • Bernanke's Dark Kingdom [View article]
    kingdom.yield-curve.net


    The Purpose of My Yield Curve. is to promote a plausible alternative to economic depression, The Adjusted Credit Free, Free Market Economy, our New Economic Order.

    blog.yield-curve.net

    It is a fair, prosperous and stable economy that protects its participants from the consequences of the inevitable crash of proportions never heard of and from the Deep Depression that will ensue and which will follow a gicantic Asset Price Bubble.

    That economy is both liberal and libertarian.

    That New Economic Order does not discriminates and guarantees the individual freedoms of its participants.

    In order to reserve your option to participate you just need to register anonymously, before The Crash, the serial number of a €5 bank note in our Public Cra$h R€gi$t€r It is Free!.

    crash-register.yield-c..."


    On Aug 09 12:20 PM kahanov wrote:

    > Reports suggesting removing/reforming the Fed have circulated for
    > years, but I have yet to see any constructive remarks regarding a
    > new order. Who is to be in charge of the asylum?
    Aug 9, 2009. 01:29 PM | 2 Likes Like |Link to Comment
  • Bond Expert: Thursday Wrap [View article]
    ________


    Read "Bernanke's Dark Kingdom." kingdom.yield-curve.net


    Abstract:

    I am going to show here that central banks have excessive powers which are coherent neither with democratic principles nor with morality. Their existence can not be justified from a mathematical point of view.

    Worse, in light of the exercise of their extraordinary power by Bernanke, I argue that they can pose a real threat to democracy, peace, privacy and individual freedom.

    Because of the immediate dangers that are evoked in these lines <b>I strongly suggest that you reproduce my deeds.


    My Yield Curve. blog.yield-curve.net

    __________
    Aug 9, 2009. 04:05 AM | Likes Like |Link to Comment
  • The Age of Turbulence: Preparing for the Crash [View article]
    Pony valuation the burden of proof is on you.


    On Jul 26 12:05 PM Gary A wrote:

    > Deja Vu all over again. But this revelation of churn and phony valuations
    > may make some retail mutual fund managers nervous, eh? Could that
    > bring the crash sooner?
    Aug 6, 2009. 04:43 PM | Likes Like |Link to Comment
  • The [Good] Economic Conditions That Precedes a Liquidity Trap. [View instapost]
    The only index I know of is the inversion of the yield curve: read blog.yield-curve.net/2...
    Aug 3, 2009. 06:34 PM | Likes Like |Link to Comment
  • The Age of Turbulence: Preparing for the Crash [View article]
    The Fed has put much more liquidity on the market than there are available Treasuries... So the excess supply theory does not hold.


    On Jul 26 02:48 PM whidbey wrote:

    > I like your rationale and your determination to trade the plan subject
    > to change in your parameters.
    >
    > Your yield inversion is more difficult to like. We know that Ben
    > B says he is finished with buy downs to save the mortgage interest
    > rate from a leap that will kill the housing recovery (its done),
    > but that is different than the long end where the command performance
    > of the Treasure is - sell til you are in hell to pay the national
    > debt. The will push yields up at the long end, but what brings TNX
    > and TYX down your model?
    >
    > You say: "The long-term yields will continue their downward secular
    > trend. Hence, the yield curve will get more inverted."
    >
    > I say: mean reverting yield curves of secular trends are for orderly
    > markets and rational traders. That condition precedent leaves this
    > market out. The more likely events are that interest rates continue
    > to rise to the point that it collapses the equities following the
    > model on competitive yields. I know it is simplistic, but in this
    > world it is likely the rule that wins the most followers.
    >
    > I just don't see how your model is wired. Thanks
    Jul 27, 2009. 05:00 PM | 4 Likes Like |Link to Comment
  • Early Look: Missing the Reflation Trade [View article]
    Read this article: "Ron Paul vs. Bernanke". It is well documented. illustrated with fun picture and video and accompanied with relevant quotes:

    <i>"I will argue here that, to the contrary, there is much that the Bank of Japan, in cooperation with other government agencies, could do to help promote economic recovery in Japan.

    Most of my arguments will not be new to the policy board and staff of the BOJ, which of course has discussed these questions extensively.

    However, their responses, when not confused or inconsistent, have generally relied on various technical or legal objections—- objections which, I will argue, could be overcome if the will to do so existed."</i>

    Prof. Benjamin Shalom Bernanke
    <b>Japanese Monetary Policy: A Case of Self-Induced Paralysis?</b>
    For presentation at the ASSA meetings, Boston MA,
    January 9, 2000.

    Read: Prepare for the Crash, The Age of Turbulence.

    "Plea for a New World Economic Order."
    Jul 21, 2009. 08:07 AM | Likes Like |Link to Comment
  • Trend Spotting: Global Interest Rates [View article]
    Read the Tract: "Plea for a New World Economic Order.", which explains the nature and causes of economic depressions and proposes a plausible alternative solution.
    Jul 17, 2009. 01:05 PM | Likes Like |Link to Comment
  • Side Effects, Collateral Damages, and Unintended Consequences. [View instapost]
    If you believe there is some truth there and we need to publicize that work why don't you help me increase its social network?

    blog.yield-curve.net/
    Jun 30, 2009. 12:51 PM | Likes Like |Link to Comment
  • Should the Fed Oversee Systemic Risks? [View article]
    The question before asking who should be regulating systemic Risk is can it be done?

    The answer is NO.

    The regulator being within the system have no change of changing it.

    If it could be done it wouldn't be a Systemic Risk anymore.

    We hence come to term with one issue: Systemic Risk is part of the economy:

    See the Chapter II of my Tract: "Plea for a New Economic Order"
    Greenspan Conundrum and Income/Wealth Disparities:
    blog.yield-curve.net/2...
    Jun 30, 2009. 02:07 AM | Likes Like |Link to Comment
  • Mass Layoff Events Continue Accelerating [View article]
    There are real dangers of a Great depression and Jobs disparition:

    Greenspan Conundrum and Income/Wealth Disparities:

    blog.yield-curve.net/2...
    Jun 25, 2009. 08:02 AM | Likes Like |Link to Comment
  • The Fed Considers Inflation vs. Deflation [View article]
    There is a strong possibility of Stagflation or more precisely Depressflation:

    The Risk in Long-Term Interest Rates & Stagflation.

    blog.yield-curve.net/2...
    Jun 25, 2009. 08:00 AM | Likes Like |Link to Comment
COMMENTS STATS
56 Comments
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