Seen on money.cnn.com: BREAKING NEWS – Stocks tumbled, Dow shedding over 100 points

[Coronita]

 

public static void fixThisShitPleaseBernake() throws FedOutOfMoneyRuntimeException, InflationOutOfControlRuntimeException{

while (wall_street_sucking_wind() && banks_sucking_wind()) {

    try {

        injectMoreMoney();

        lowerInterestRates();

    } catch (BearStearnsException bsc) {

        getTaxPayersMoney();

        getBailout(BankConstants.JPMorgan);

    } catch (CitibankException ce) {

        getTaxPayersMoney();

        getBailout(BankConstants.UAEWealthFund);

    } catch (CountrywideException cfc) {

        getTaxPayersMoney();

        getBailout(BankConstants.BankOfAmerica);

    } catch (LehmanException leh) {

        getTaxPayersMoney();

        getBailout(BankSelector.random());

    } catch (UnexpectedBankFailureException ube) {

        getTaxPayersMoney();

        getBailout(BankSelector.random());

    }

    //FIXME: handle FedOutOfMoneyRuntimeException 

     //InflationOutOfControlRuntimeException

}

[Diego Mamani]

Fed running out of money? Worrying about inflation only if certain condition is met? Sleeping in cash keeps you calm?

1. The Fed pretty much “prints” money. It’ll never run out of it! The Fed and the Treasury are happily injecting liquidity to bail out the markets. Buying toxic mortgage paper or guaranteeing (with our taxpayer dollars) $29 billion of Bear Sterns iffy assets are two examples of how the Fed is injecting liquidity by the truckload.

2. I’m already worried about inflation, regardless of Dow level.

3. How can you sleep soundly having your assets in cash? Unless your cash is in euros, your dollar stash is shrinking by the week thanks to (1) above. The more money is created, the less value it has. That we need more and more dollars to buy corn, soy, wheat, gold, silver, oil, than only a year ago is proof of the shrinking value of the greenback.

[Diego Mamani]

Fed running out of money? Worrying about inflation only if certain condition is met? Sleeping in cash keeps you calm?

1. The Fed pretty much “prints” money. It’ll never run out of it! The Fed and the Treasury are happily injecting liquidity to bail out the markets. Buying toxic mortgage paper or guaranteeing (with our taxpayer dollars) $29 billion of Bear Sterns iffy assets are two examples of how the Fed is injecting liquidity by the truckload.

2. I’m already worried about inflation, regardless of Dow level.

3. How can you sleep soundly having your assets in cash? Unless your cash is in euros, your dollar stash is shrinking by the week thanks to (1) above. The more money is created, the less value it has. That we need more and more dollars to buy corn, soy, wheat, gold, silver, oil, than only a year ago is proof of the shrinking value of the greenback.

[Diego Mamani]

Fed running out of money? Worrying about inflation only if certain condition is met? Sleeping in cash keeps you calm?

1. The Fed pretty much “prints” money. It’ll never run out of it! The Fed and the Treasury are happily injecting liquidity to bail out the markets. Buying toxic mortgage paper or guaranteeing (with our taxpayer dollars) $29 billion of Bear Sterns iffy assets are two examples of how the Fed is injecting liquidity by the truckload.

2. I’m already worried about inflation, regardless of Dow level.

3. How can you sleep soundly having your assets in cash? Unless your cash is in euros, your dollar stash is shrinking by the week thanks to (1) above. The more money is created, the less value it has. That we need more and more dollars to buy corn, soy, wheat, gold, silver, oil, than only a year ago is proof of the shrinking value of the greenback.

[Diego Mamani]

Fed running out of money? Worrying about inflation only if certain condition is met? Sleeping in cash keeps you calm?

1. The Fed pretty much “prints” money. It’ll never run out of it! The Fed and the Treasury are happily injecting liquidity to bail out the markets. Buying toxic mortgage paper or guaranteeing (with our taxpayer dollars) $29 billion of Bear Sterns iffy assets are two examples of how the Fed is injecting liquidity by the truckload.

2. I’m already worried about inflation, regardless of Dow level.

3. How can you sleep soundly having your assets in cash? Unless your cash is in euros, your dollar stash is shrinking by the week thanks to (1) above. The more money is created, the less value it has. That we need more and more dollars to buy corn, soy, wheat, gold, silver, oil, than only a year ago is proof of the shrinking value of the greenback.

[Diego Mamani]

Fed running out of money? Worrying about inflation only if certain condition is met? Sleeping in cash keeps you calm?

1. The Fed pretty much “prints” money. It’ll never run out of it! The Fed and the Treasury are happily injecting liquidity to bail out the markets. Buying toxic mortgage paper or guaranteeing (with our taxpayer dollars) $29 billion of Bear Sterns iffy assets are two examples of how the Fed is injecting liquidity by the truckload.

2. I’m already worried about inflation, regardless of Dow level.

3. How can you sleep soundly having your assets in cash? Unless your cash is in euros, your dollar stash is shrinking by the week thanks to (1) above. The more money is created, the less value it has. That we need more and more dollars to buy corn, soy, wheat, gold, silver, oil, than only a year ago is proof of the shrinking value of the greenback.

[trex]

Anybody notice how CNNFN/Money is running all sorts of sob stories about dumb asses that got into financial trouble? Unemployment isn’t up THAT much yet, but either they are pushing the economy because it sells and people are worried, or they have a political agenda and are trying to make the Pres race just about the economy and how we need gov’t intervention.

[trex]

Anybody notice how CNNFN/Money is running all sorts of sob stories about dumb asses that got into financial trouble? Unemployment isn’t up THAT much yet, but either they are pushing the economy because it sells and people are worried, or they have a political agenda and are trying to make the Pres race just about the economy and how we need gov’t intervention.

[trex]

Anybody notice how CNNFN/Money is running all sorts of sob stories about dumb asses that got into financial trouble? Unemployment isn’t up THAT much yet, but either they are pushing the economy because it sells and people are worried, or they have a political agenda and are trying to make the Pres race just about the economy and how we need gov’t intervention.

[trex]

Anybody notice how CNNFN/Money is running all sorts of sob stories about dumb asses that got into financial trouble? Unemployment isn’t up THAT much yet, but either they are pushing the economy because it sells and people are worried, or they have a political agenda and are trying to make the Pres race just about the economy and how we need gov’t intervention.

[trex]

Anybody notice how CNNFN/Money is running all sorts of sob stories about dumb asses that got into financial trouble? Unemployment isn’t up THAT much yet, but either they are pushing the economy because it sells and people are worried, or they have a political agenda and are trying to make the Pres race just about the economy and how we need gov’t intervention.

[Diego Mamani]

Trex: Have you read today’s front page WSJ article on the recent government interventions?

I agree that the financial media outlets are asking for or applauding the current bailouts. The extract below suggests that since falling house prices are the root of the problem, then we need more government intervention to keep prices up. We know that real (inflation-adjusted) house prices can’t go anywhere but down. However, nominal prices may not drop if inflation is high enough, and that can easily be achieved injecting more liquidity into the system, as is already happening.

Is it enough? Probably not. Although it’s hard to know, the downward tug on the overall economy from falling house prices persists. The next step, if one proves necessary, is almost sure to require the explicit use of taxpayer money.

The case for doing more is twofold. One is to cushion the blow to families and communities, even if some are culpable. The other is to disrupt a dangerous downward spiral in which falling prices of houses and mortgage-backed securities lead lenders to pull back, hurting the economy and dragging asset prices down further, and so on.

[Diego Mamani]

Trex: Have you read today’s front page WSJ article on the recent government interventions?

I agree that the financial media outlets are asking for or applauding the current bailouts. The extract below suggests that since falling house prices are the root of the problem, then we need more government intervention to keep prices up. We know that real (inflation-adjusted) house prices can’t go anywhere but down. However, nominal prices may not drop if inflation is high enough, and that can easily be achieved injecting more liquidity into the system, as is already happening.

Is it enough? Probably not. Although it’s hard to know, the downward tug on the overall economy from falling house prices persists. The next step, if one proves necessary, is almost sure to require the explicit use of taxpayer money.

The case for doing more is twofold. One is to cushion the blow to families and communities, even if some are culpable. The other is to disrupt a dangerous downward spiral in which falling prices of houses and mortgage-backed securities lead lenders to pull back, hurting the economy and dragging asset prices down further, and so on.

[Diego Mamani]

Trex: Have you read today’s front page WSJ article on the recent government interventions?

I agree that the financial media outlets are asking for or applauding the current bailouts. The extract below suggests that since falling house prices are the root of the problem, then we need more government intervention to keep prices up. We know that real (inflation-adjusted) house prices can’t go anywhere but down. However, nominal prices may not drop if inflation is high enough, and that can easily be achieved injecting more liquidity into the system, as is already happening.

Is it enough? Probably not. Although it’s hard to know, the downward tug on the overall economy from falling house prices persists. The next step, if one proves necessary, is almost sure to require the explicit use of taxpayer money.

The case for doing more is twofold. One is to cushion the blow to families and communities, even if some are culpable. The other is to disrupt a dangerous downward spiral in which falling prices of houses and mortgage-backed securities lead lenders to pull back, hurting the economy and dragging asset prices down further, and so on.

[Diego Mamani]

Trex: Have you read today’s front page WSJ article on the recent government interventions?

I agree that the financial media outlets are asking for or applauding the current bailouts. The extract below suggests that since falling house prices are the root of the problem, then we need more government intervention to keep prices up. We know that real (inflation-adjusted) house prices can’t go anywhere but down. However, nominal prices may not drop if inflation is high enough, and that can easily be achieved injecting more liquidity into the system, as is already happening.

Is it enough? Probably not. Although it’s hard to know, the downward tug on the overall economy from falling house prices persists. The next step, if one proves necessary, is almost sure to require the explicit use of taxpayer money.

The case for doing more is twofold. One is to cushion the blow to families and communities, even if some are culpable. The other is to disrupt a dangerous downward spiral in which falling prices of houses and mortgage-backed securities lead lenders to pull back, hurting the economy and dragging asset prices down further, and so on.

[Author]

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