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.
FMT’s been a reckless actor for some time. I’ll be shocked if it doesn’t fail. There’s no franchise there worth saving. I’d also keep an eye on DSL, VNBC, CORS, BKUNA… the list goes on and on and on. In a moment of unintentional candor, the only intelligent thing Bernanke’s said in the last month was that he believed we could have 100-200 bank failures over the next couple of years. I think that’s a pretty good number. Plenty more shoes to drop that aren’t priced into the equity market.
FMT’s been a reckless actor for some time. I’ll be shocked if it doesn’t fail. There’s no franchise there worth saving. I’d also keep an eye on DSL, VNBC, CORS, BKUNA… the list goes on and on and on. In a moment of unintentional candor, the only intelligent thing Bernanke’s said in the last month was that he believed we could have 100-200 bank failures over the next couple of years. I think that’s a pretty good number. Plenty more shoes to drop that aren’t priced into the equity market.
FMT’s been a reckless actor for some time. I’ll be shocked if it doesn’t fail. There’s no franchise there worth saving. I’d also keep an eye on DSL, VNBC, CORS, BKUNA… the list goes on and on and on. In a moment of unintentional candor, the only intelligent thing Bernanke’s said in the last month was that he believed we could have 100-200 bank failures over the next couple of years. I think that’s a pretty good number. Plenty more shoes to drop that aren’t priced into the equity market.
FMT’s been a reckless actor for some time. I’ll be shocked if it doesn’t fail. There’s no franchise there worth saving. I’d also keep an eye on DSL, VNBC, CORS, BKUNA… the list goes on and on and on. In a moment of unintentional candor, the only intelligent thing Bernanke’s said in the last month was that he believed we could have 100-200 bank failures over the next couple of years. I think that’s a pretty good number. Plenty more shoes to drop that aren’t priced into the equity market.
FMT’s been a reckless actor for some time. I’ll be shocked if it doesn’t fail. There’s no franchise there worth saving. I’d also keep an eye on DSL, VNBC, CORS, BKUNA… the list goes on and on and on. In a moment of unintentional candor, the only intelligent thing Bernanke’s said in the last month was that he believed we could have 100-200 bank failures over the next couple of years. I think that’s a pretty good number. Plenty more shoes to drop that aren’t priced into the equity market.
