Hi Mq, here's my 2c on your thoughts:
>>Alan Green$pan has to try to maintain a stable currency<< Fine, except it's been overvalued for some time. Long enough to try to overcome this unbalance - of course it is a question which fire need to be put out first.
>>The intention of monetary authorities is to maintain money in stable relationship to how much people can earn per hour<< probably meant !how much people produce per hour! The disparity between single digit productivity increases and double-digit growth in M3... if it's not Al should I talk to J6P?
>>Now that the crunch has come...<< The tech bubble and the underivestment in CapEx is one thing. The second (dont know yet how big) thing is the real-estate/GSE/credit bubble. We probably (well, let me say I and the rest can sign at the bottom) I probably simplify the situation by hanging at least part of it on AG. Personifying the problem. Going for the scape goat. Fine. So it's somebody else. So AG did nothing? No, more than that, you chalk up the points on the positive side, you praise him - like, without him things would be far worse. What's important, is - I hope you agree - to see how US and the world are supposed to get out of this bind. Years ago, my concern were Japanese real-estate bubble and their banks. Now it's US real-estate bubble and banks´(ng).
>>Don't blame the person who supplies the metres, kilgrams, deg Kelvin or $. << Cant compare metres, based on light wavelengths, with monetary (fiat) units, dug in up to the throat in economy and politics. Gold-based currency would be a different story, but it stopped working some time ago.
In any case, appreciate a fresh, dissenting opinion
dj |
