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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Sea Otter who wrote (85627)	8/28/2007 7:31:48 PM
From: CalculatedRisk	Read Replies (3) of 110194

Does America Need a Recession? Of Course Not... economistsview.typepad.com And more related thoughts from Professor Thoma on the subject: Fed Intervention and Moral Hazard economistsview.typepad.com I like this quote from Wolf: "Burned children fear the fire. If some of the biggest and most powerful institutions in the world have been playing with fire, they need to feel the burns. It is not the central banks’ job to rescue them... It is their job to preserve the banking system and the health of the economy. Neither seems now to be in grave danger."

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