Article which is harbinger of dark events to come…

[Diego Mamani]

I use Bankrate.com and Bauerfinancial.com. This FDIC page has links to many sites, some are free while some charge a fee.

http://www.fdic.gov/bank/individual/bank/index.html

The OP article is a about a subprime lender that was expected to be in trouble. As I wrote elsewhere, the Fed won't let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.

[JWM in SD]

JWM in SD

“As I wrote elsewhere, the Fed won’t let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.”

Oh yes they will, just not certain ones. No, a severe recession cannot averted because were alread in it and it cannot averted through inflation….that will just exacerbate the situation.

I swear some you guys are F**ing clueless…..

[JWM in SD]

JWM in SD

“As I wrote elsewhere, the Fed won’t let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.”

Oh yes they will, just not certain ones. No, a severe recession cannot averted because were alread in it and it cannot averted through inflation….that will just exacerbate the situation.

I swear some you guys are F**ing clueless…..

[JWM in SD]

JWM in SD

“As I wrote elsewhere, the Fed won’t let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.”

Oh yes they will, just not certain ones. No, a severe recession cannot averted because were alread in it and it cannot averted through inflation….that will just exacerbate the situation.

I swear some you guys are F**ing clueless…..

[JWM in SD]

JWM in SD

“As I wrote elsewhere, the Fed won’t let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.”

Oh yes they will, just not certain ones. No, a severe recession cannot averted because were alread in it and it cannot averted through inflation….that will just exacerbate the situation.

I swear some you guys are F**ing clueless…..

[JWM in SD]

JWM in SD

“As I wrote elsewhere, the Fed won’t let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.”

Oh yes they will, just not certain ones. No, a severe recession cannot averted because were alread in it and it cannot averted through inflation….that will just exacerbate the situation.

I swear some you guys are F**ing clueless…..

[kewp]

Yes, thanks to the genius of the Fed we have recession *and* inflation!

[kewp]

Yes, thanks to the genius of the Fed we have recession *and* inflation!

[kewp]

Yes, thanks to the genius of the Fed we have recession *and* inflation!

[kewp]

Yes, thanks to the genius of the Fed we have recession *and* inflation!

[kewp]

Yes, thanks to the genius of the Fed we have recession *and* inflation!

[Diego Mamani]

JWM (Must you sign your messages at the top? It appears that you’re cluelessly addressing yourself when you do so): I wasn’t applauding the current Fed policy choices. I’d prefer it if they let a few large banks crash and preserved the value of the dollar. Instead, they are pumping liquidity to bail out lenders and debasing the dollar at the same time.

I think we are pretty much entering a mild recessionary period. But you can’t possibly say that “we are already in a severe recession” given the low unemployment levels we have (4.8% as of Feb 2008!).

Of course high inflation is undesirable. That’s why I said that it would be a cost. The policy aim appears to be to reduce the severity of the blow in the short term in exchange for high inflation, which unfortunately would result in a reduced standard of living for many years.

[Diego Mamani]

JWM (Must you sign your messages at the top? It appears that you’re cluelessly addressing yourself when you do so): I wasn’t applauding the current Fed policy choices. I’d prefer it if they let a few large banks crash and preserved the value of the dollar. Instead, they are pumping liquidity to bail out lenders and debasing the dollar at the same time.

I think we are pretty much entering a mild recessionary period. But you can’t possibly say that “we are already in a severe recession” given the low unemployment levels we have (4.8% as of Feb 2008!).

Of course high inflation is undesirable. That’s why I said that it would be a cost. The policy aim appears to be to reduce the severity of the blow in the short term in exchange for high inflation, which unfortunately would result in a reduced standard of living for many years.

[Diego Mamani]

JWM (Must you sign your messages at the top? It appears that you’re cluelessly addressing yourself when you do so): I wasn’t applauding the current Fed policy choices. I’d prefer it if they let a few large banks crash and preserved the value of the dollar. Instead, they are pumping liquidity to bail out lenders and debasing the dollar at the same time.

I think we are pretty much entering a mild recessionary period. But you can’t possibly say that “we are already in a severe recession” given the low unemployment levels we have (4.8% as of Feb 2008!).

Of course high inflation is undesirable. That’s why I said that it would be a cost. The policy aim appears to be to reduce the severity of the blow in the short term in exchange for high inflation, which unfortunately would result in a reduced standard of living for many years.

[Diego Mamani]

JWM (Must you sign your messages at the top? It appears that you’re cluelessly addressing yourself when you do so): I wasn’t applauding the current Fed policy choices. I’d prefer it if they let a few large banks crash and preserved the value of the dollar. Instead, they are pumping liquidity to bail out lenders and debasing the dollar at the same time.

I think we are pretty much entering a mild recessionary period. But you can’t possibly say that “we are already in a severe recession” given the low unemployment levels we have (4.8% as of Feb 2008!).

Of course high inflation is undesirable. That’s why I said that it would be a cost. The policy aim appears to be to reduce the severity of the blow in the short term in exchange for high inflation, which unfortunately would result in a reduced standard of living for many years.

[Author]

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