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October 24, 2008 at 12:11 AM in reply to: Would the Last Honest Reporter Please Turn On the Lights? #292514October 24, 2008 at 12:11 AM in reply to: Would the Last Honest Reporter Please Turn On the Lights? #292551
urbanrealtor
Participant[quote=yojimbo]”Fox News is one big Republican ad”
Fox and who else?
For the Democrat ads we have:
CNN
MSNBC
NBC
ABC
CBSPerhaps Fox is just centrist but looks right wing relative to the other stations?[/quote]
It would be more accurate to say that the media is a distorted magnifier of the public sentiment.Most of the presidential successes have been treated reasonably well by those same outlets.
That includes W.
I recall several panels on CNN (I am addicted) that commented in mid-2000 that Bush seems more calm, collected and comfortable than Gore.
They may distort public sentiment but I have not seen them truly misrepresent it. (EG: Lewinsky scandal).
To be fair, they (the media) are liberal (or progressive or whatever). They live in big cities and deal with diverse opinions and lifestyles. They have obvious homosexuals (eg: Anderson Cooper or Rachael Maddow) as well as racial and ethnic minorities.
The argument that the media just favors certain people unfairly, does not have a lot of value. Its a little like when so many Hillary supporters (Bill included) claimed that the media was treating Hill unfairly. Its not that this argument is totally inaccurate but to quote my favorite show “the game is the game”. In other words, get over it.
urbanrealtor
ParticipantThe irony is that they make the process so difficult that they often push people to foreclosure.
I am working on 2 now where I am the listing agent and in both cases we are going round and round over 5,000 dollars.
Its remarkably silly.
urbanrealtor
ParticipantThe irony is that they make the process so difficult that they often push people to foreclosure.
I am working on 2 now where I am the listing agent and in both cases we are going round and round over 5,000 dollars.
Its remarkably silly.
urbanrealtor
ParticipantThe irony is that they make the process so difficult that they often push people to foreclosure.
I am working on 2 now where I am the listing agent and in both cases we are going round and round over 5,000 dollars.
Its remarkably silly.
urbanrealtor
ParticipantThe irony is that they make the process so difficult that they often push people to foreclosure.
I am working on 2 now where I am the listing agent and in both cases we are going round and round over 5,000 dollars.
Its remarkably silly.
urbanrealtor
ParticipantThe irony is that they make the process so difficult that they often push people to foreclosure.
I am working on 2 now where I am the listing agent and in both cases we are going round and round over 5,000 dollars.
Its remarkably silly.
urbanrealtor
ParticipantBryan:
Well clearly we are reading different sources.
The stuff I have seen points to 3-4 primary points of causality of the great depression (assuming we are not focusing on Marxist thought or the fringes of Keynesian thought). Those are:-hyper leveraging at the consumer and firm level
Eg: too many loans used to bet on margin.-broad return to precious metal standards
Eg: the run on British Sterling’s gold in ’31 (and implied near run on US dollar’s gold in ’32)-deflationary debt counter-incentives
Eg: you can’t borrow if the value of the money is going up dramatically each day.-increase in interest rates (sometimes framed in terms of contracting monetary policy)
Eg: How do you borrow when interest rates are too high?-institutional market-accelerators (not a primary cause but companies failing tend to create a longevity of despair)
Eg: Failing banks leave lots of people without confidence in financial markets.Experts: Peter Temin, Irving Fisher, Ben Bernanke, Barry Eichengreen, Paul Krugman, Milton Friedman, Anna Schwartzman
Sources: Just google them. They all have like a hundred articles and books in print.
Here is a readable and easy one:
http://www.federalreserve.gov/boarddocs/speeches/2004/200403022/default.htmYou could make the argument that the leveraging is an example of dumb credit expansion on the part of banks (I am assuming that is what you mean by expansion of bank credit as opposed to say borrowing from the fed).
You could also make the argument that the increase in rates (ironically to counteract a perceived speculative bubble) was instrumental in the 1929 crash. That is what Bernanke argues (though, in the wake of 2 organic speculative bubble bursts, he may back off of those assertions).
However, you could not make the argument convincingly that increasing money supplies in a deflationary cycle is bad. Deflation is usually prohibitive to lending and therefore creates a positive feedback loop. There is less money to go around and so prices deflate further.
That is where the whole love affair with the precious metal standard breaks down.
Can you explain to me why I am wrong-headed in this?
Incidentally, the central bank was not dropped on the country like a cargo container. It was requested by the ad hoc coalition of banks (headed by JP Morgan) following the 1907 problems.
urbanrealtor
ParticipantBryan:
Well clearly we are reading different sources.
The stuff I have seen points to 3-4 primary points of causality of the great depression (assuming we are not focusing on Marxist thought or the fringes of Keynesian thought). Those are:-hyper leveraging at the consumer and firm level
Eg: too many loans used to bet on margin.-broad return to precious metal standards
Eg: the run on British Sterling’s gold in ’31 (and implied near run on US dollar’s gold in ’32)-deflationary debt counter-incentives
Eg: you can’t borrow if the value of the money is going up dramatically each day.-increase in interest rates (sometimes framed in terms of contracting monetary policy)
Eg: How do you borrow when interest rates are too high?-institutional market-accelerators (not a primary cause but companies failing tend to create a longevity of despair)
Eg: Failing banks leave lots of people without confidence in financial markets.Experts: Peter Temin, Irving Fisher, Ben Bernanke, Barry Eichengreen, Paul Krugman, Milton Friedman, Anna Schwartzman
Sources: Just google them. They all have like a hundred articles and books in print.
Here is a readable and easy one:
http://www.federalreserve.gov/boarddocs/speeches/2004/200403022/default.htmYou could make the argument that the leveraging is an example of dumb credit expansion on the part of banks (I am assuming that is what you mean by expansion of bank credit as opposed to say borrowing from the fed).
You could also make the argument that the increase in rates (ironically to counteract a perceived speculative bubble) was instrumental in the 1929 crash. That is what Bernanke argues (though, in the wake of 2 organic speculative bubble bursts, he may back off of those assertions).
However, you could not make the argument convincingly that increasing money supplies in a deflationary cycle is bad. Deflation is usually prohibitive to lending and therefore creates a positive feedback loop. There is less money to go around and so prices deflate further.
That is where the whole love affair with the precious metal standard breaks down.
Can you explain to me why I am wrong-headed in this?
Incidentally, the central bank was not dropped on the country like a cargo container. It was requested by the ad hoc coalition of banks (headed by JP Morgan) following the 1907 problems.
urbanrealtor
ParticipantBryan:
Well clearly we are reading different sources.
The stuff I have seen points to 3-4 primary points of causality of the great depression (assuming we are not focusing on Marxist thought or the fringes of Keynesian thought). Those are:-hyper leveraging at the consumer and firm level
Eg: too many loans used to bet on margin.-broad return to precious metal standards
Eg: the run on British Sterling’s gold in ’31 (and implied near run on US dollar’s gold in ’32)-deflationary debt counter-incentives
Eg: you can’t borrow if the value of the money is going up dramatically each day.-increase in interest rates (sometimes framed in terms of contracting monetary policy)
Eg: How do you borrow when interest rates are too high?-institutional market-accelerators (not a primary cause but companies failing tend to create a longevity of despair)
Eg: Failing banks leave lots of people without confidence in financial markets.Experts: Peter Temin, Irving Fisher, Ben Bernanke, Barry Eichengreen, Paul Krugman, Milton Friedman, Anna Schwartzman
Sources: Just google them. They all have like a hundred articles and books in print.
Here is a readable and easy one:
http://www.federalreserve.gov/boarddocs/speeches/2004/200403022/default.htmYou could make the argument that the leveraging is an example of dumb credit expansion on the part of banks (I am assuming that is what you mean by expansion of bank credit as opposed to say borrowing from the fed).
You could also make the argument that the increase in rates (ironically to counteract a perceived speculative bubble) was instrumental in the 1929 crash. That is what Bernanke argues (though, in the wake of 2 organic speculative bubble bursts, he may back off of those assertions).
However, you could not make the argument convincingly that increasing money supplies in a deflationary cycle is bad. Deflation is usually prohibitive to lending and therefore creates a positive feedback loop. There is less money to go around and so prices deflate further.
That is where the whole love affair with the precious metal standard breaks down.
Can you explain to me why I am wrong-headed in this?
Incidentally, the central bank was not dropped on the country like a cargo container. It was requested by the ad hoc coalition of banks (headed by JP Morgan) following the 1907 problems.
urbanrealtor
ParticipantBryan:
Well clearly we are reading different sources.
The stuff I have seen points to 3-4 primary points of causality of the great depression (assuming we are not focusing on Marxist thought or the fringes of Keynesian thought). Those are:-hyper leveraging at the consumer and firm level
Eg: too many loans used to bet on margin.-broad return to precious metal standards
Eg: the run on British Sterling’s gold in ’31 (and implied near run on US dollar’s gold in ’32)-deflationary debt counter-incentives
Eg: you can’t borrow if the value of the money is going up dramatically each day.-increase in interest rates (sometimes framed in terms of contracting monetary policy)
Eg: How do you borrow when interest rates are too high?-institutional market-accelerators (not a primary cause but companies failing tend to create a longevity of despair)
Eg: Failing banks leave lots of people without confidence in financial markets.Experts: Peter Temin, Irving Fisher, Ben Bernanke, Barry Eichengreen, Paul Krugman, Milton Friedman, Anna Schwartzman
Sources: Just google them. They all have like a hundred articles and books in print.
Here is a readable and easy one:
http://www.federalreserve.gov/boarddocs/speeches/2004/200403022/default.htmYou could make the argument that the leveraging is an example of dumb credit expansion on the part of banks (I am assuming that is what you mean by expansion of bank credit as opposed to say borrowing from the fed).
You could also make the argument that the increase in rates (ironically to counteract a perceived speculative bubble) was instrumental in the 1929 crash. That is what Bernanke argues (though, in the wake of 2 organic speculative bubble bursts, he may back off of those assertions).
However, you could not make the argument convincingly that increasing money supplies in a deflationary cycle is bad. Deflation is usually prohibitive to lending and therefore creates a positive feedback loop. There is less money to go around and so prices deflate further.
That is where the whole love affair with the precious metal standard breaks down.
Can you explain to me why I am wrong-headed in this?
Incidentally, the central bank was not dropped on the country like a cargo container. It was requested by the ad hoc coalition of banks (headed by JP Morgan) following the 1907 problems.
urbanrealtor
ParticipantBryan:
Well clearly we are reading different sources.
The stuff I have seen points to 3-4 primary points of causality of the great depression (assuming we are not focusing on Marxist thought or the fringes of Keynesian thought). Those are:-hyper leveraging at the consumer and firm level
Eg: too many loans used to bet on margin.-broad return to precious metal standards
Eg: the run on British Sterling’s gold in ’31 (and implied near run on US dollar’s gold in ’32)-deflationary debt counter-incentives
Eg: you can’t borrow if the value of the money is going up dramatically each day.-increase in interest rates (sometimes framed in terms of contracting monetary policy)
Eg: How do you borrow when interest rates are too high?-institutional market-accelerators (not a primary cause but companies failing tend to create a longevity of despair)
Eg: Failing banks leave lots of people without confidence in financial markets.Experts: Peter Temin, Irving Fisher, Ben Bernanke, Barry Eichengreen, Paul Krugman, Milton Friedman, Anna Schwartzman
Sources: Just google them. They all have like a hundred articles and books in print.
Here is a readable and easy one:
http://www.federalreserve.gov/boarddocs/speeches/2004/200403022/default.htmYou could make the argument that the leveraging is an example of dumb credit expansion on the part of banks (I am assuming that is what you mean by expansion of bank credit as opposed to say borrowing from the fed).
You could also make the argument that the increase in rates (ironically to counteract a perceived speculative bubble) was instrumental in the 1929 crash. That is what Bernanke argues (though, in the wake of 2 organic speculative bubble bursts, he may back off of those assertions).
However, you could not make the argument convincingly that increasing money supplies in a deflationary cycle is bad. Deflation is usually prohibitive to lending and therefore creates a positive feedback loop. There is less money to go around and so prices deflate further.
That is where the whole love affair with the precious metal standard breaks down.
Can you explain to me why I am wrong-headed in this?
Incidentally, the central bank was not dropped on the country like a cargo container. It was requested by the ad hoc coalition of banks (headed by JP Morgan) following the 1907 problems.
urbanrealtor
ParticipantAt 130 pm?
urbanrealtor
ParticipantAt 130 pm?
urbanrealtor
ParticipantAt 130 pm?
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