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Current price/income and price/rent ratios have been sustained approximately at 2003 levels for the past decade, so for now that seems to be the new normal.

So are cigarettes and 1950s Ferrari Testa Rossas. Relative prices change over time, and don't necessarily change back. Computers are underpriced vs times past. They're not likely to revert back to old prices either.

They're just trying to justify their previous calls on rate cuts and employment, which now look quite wrong. I think we're very close to the bottom of the interest rate cutting cycle, and I think the economy is stronger than many analysts believe. Today's employment figures have backed up the...

Thanks, but I'm not sure which part of my post you disagreed with there? The unemployment rate is the most important figure. The participation rate doesn't tell us much at all, as we don't know why people stopped participating.

LOL, more confirmation bias from the MacroBear site? The drop in participation rates is the last refuge of the desperate bear. If more people are not looking for a job, then that might actually be a good thing. It might mean there are more people who feel wealthy and comfortable enough not to...

Precipice? 1 in 120 year economic event? LOL. Most of those points you list are either untrue, or have been the case for a long time with few adverse effects. Here's the truth... GDP is solid Minor house price declines of 2011 have stabilised Unemployment is low Inflation is low Interest...

OK, we'll see. Good luck.

Do you buy your gold in USD? Do you think the parabolic blow off top is still to come? How are your BSROA options going?

Do you pay for your gold in USD? Are the readers of your blog mainly based in the USA? You called the bottom in May, so I guess you've been holding throughout this decline? In May you said... Do you reckon the parabolic blow off top is still coming? Or do you think maybe it already...

Don't worry, at least you got your call on gold right. Oh wait...