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AK
ParticipantFrom some guy at the Fed via CR:
Subprime mortgages were not at the core of the global crisis; they were only indicative of the dramatic mispricing of virtually every asset everywhere in the world.
CR cites this as proof that “we’re all subprime now!” This is true … but it also suggests that “we’re all Japan now!”
Two decades of stimulus and deficit spending haven’t exactly done wonders for Japan. I don’t know which approach, austerity or heroic stimulus, will give the best results in the long run … but I do wonder why anyone could reasonably expect short-term economic growth in Ireland, Greece, Spain, the U.S., or just about any country that benefited from the massive economic distortions of the bubble era.
Well, maybe Malawi. I’ve read about the success of their subsidized fertilizer program.
ParticipantFrom some guy at the Fed via CR:
Subprime mortgages were not at the core of the global crisis; they were only indicative of the dramatic mispricing of virtually every asset everywhere in the world.
CR cites this as proof that “we’re all subprime now!” This is true … but it also suggests that “we’re all Japan now!”
Two decades of stimulus and deficit spending haven’t exactly done wonders for Japan. I don’t know which approach, austerity or heroic stimulus, will give the best results in the long run … but I do wonder why anyone could reasonably expect short-term economic growth in Ireland, Greece, Spain, the U.S., or just about any country that benefited from the massive economic distortions of the bubble era.
Well, maybe Malawi. I’ve read about the success of their subsidized fertilizer program.
ParticipantFrom some guy at the Fed via CR:
Subprime mortgages were not at the core of the global crisis; they were only indicative of the dramatic mispricing of virtually every asset everywhere in the world.
CR cites this as proof that “we’re all subprime now!” This is true … but it also suggests that “we’re all Japan now!”
Two decades of stimulus and deficit spending haven’t exactly done wonders for Japan. I don’t know which approach, austerity or heroic stimulus, will give the best results in the long run … but I do wonder why anyone could reasonably expect short-term economic growth in Ireland, Greece, Spain, the U.S., or just about any country that benefited from the massive economic distortions of the bubble era.
Well, maybe Malawi. I’ve read about the success of their subsidized fertilizer program.
ParticipantFrom some guy at the Fed via CR:
Subprime mortgages were not at the core of the global crisis; they were only indicative of the dramatic mispricing of virtually every asset everywhere in the world.
CR cites this as proof that “we’re all subprime now!” This is true … but it also suggests that “we’re all Japan now!”
Two decades of stimulus and deficit spending haven’t exactly done wonders for Japan. I don’t know which approach, austerity or heroic stimulus, will give the best results in the long run … but I do wonder why anyone could reasonably expect short-term economic growth in Ireland, Greece, Spain, the U.S., or just about any country that benefited from the massive economic distortions of the bubble era.
Well, maybe Malawi. I’ve read about the success of their subsidized fertilizer program.
ParticipantFrom some guy at the Fed via CR:
Subprime mortgages were not at the core of the global crisis; they were only indicative of the dramatic mispricing of virtually every asset everywhere in the world.
CR cites this as proof that “we’re all subprime now!” This is true … but it also suggests that “we’re all Japan now!”
Two decades of stimulus and deficit spending haven’t exactly done wonders for Japan. I don’t know which approach, austerity or heroic stimulus, will give the best results in the long run … but I do wonder why anyone could reasonably expect short-term economic growth in Ireland, Greece, Spain, the U.S., or just about any country that benefited from the massive economic distortions of the bubble era.
Well, maybe Malawi. I’ve read about the success of their subsidized fertilizer program.
Participant[quote=Rich Toscano]That’s my issue with Krugman et al’s framework… the unquestioned assumption that the world will forever keep buying all the super-low rate debt we cram down their collective throat without ever, at any point, stopping to question how we will pay it all back.[/quote]
I do hope the powers that be are rolling over short-term Treasuries into 10- and 30-year notes … or yeah, we’re Greeced.
Participant[quote=Rich Toscano]That’s my issue with Krugman et al’s framework… the unquestioned assumption that the world will forever keep buying all the super-low rate debt we cram down their collective throat without ever, at any point, stopping to question how we will pay it all back.[/quote]
I do hope the powers that be are rolling over short-term Treasuries into 10- and 30-year notes … or yeah, we’re Greeced.
Participant[quote=Rich Toscano]That’s my issue with Krugman et al’s framework… the unquestioned assumption that the world will forever keep buying all the super-low rate debt we cram down their collective throat without ever, at any point, stopping to question how we will pay it all back.[/quote]
I do hope the powers that be are rolling over short-term Treasuries into 10- and 30-year notes … or yeah, we’re Greeced.
Participant[quote=Rich Toscano]That’s my issue with Krugman et al’s framework… the unquestioned assumption that the world will forever keep buying all the super-low rate debt we cram down their collective throat without ever, at any point, stopping to question how we will pay it all back.[/quote]
I do hope the powers that be are rolling over short-term Treasuries into 10- and 30-year notes … or yeah, we’re Greeced.
Participant[quote=Rich Toscano]That’s my issue with Krugman et al’s framework… the unquestioned assumption that the world will forever keep buying all the super-low rate debt we cram down their collective throat without ever, at any point, stopping to question how we will pay it all back.[/quote]
I do hope the powers that be are rolling over short-term Treasuries into 10- and 30-year notes … or yeah, we’re Greeced.
ParticipantI swear I didn’t pull any nails this time.
ParticipantI swear I didn’t pull any nails this time.
ParticipantI swear I didn’t pull any nails this time.
ParticipantI swear I didn’t pull any nails this time.
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