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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (88567)9/8/2007 9:45:54 PM
From: Elroy JetsonRead Replies (1) of 306849
 
I see you're still peddling your fairy tales that there is a "market rate" for money in a Monetarist economic regime.

In a market economy the contraction of lending we are currently experiencing during this credit crunch raises interest rates and lowers asset prices.

Instead we are experiencing a decline in interest rates and a rebound in asset prices. You accept this as normal with the unblinking gaze of a farm animal and claim that the Fed is lagging behind the "market rate".

You're like a two year old child I could amuse by making a quarter "disappear" by putting my hand in front of it and then pulling it out of your ear.

The Fed and other other central banks lend a massive amount of money into the banking system in an emergency operation, causing interest rates to decline. This causes you to unthinkingly claim that the Fed Funds rate has fallen behind the declining "market rate". The Fed and other central banks sure fooled you! You gulped it down hook, line, and sinker.

Next, the Fed could pull the money back out of circulation and you'll claim "the market rate" for money has risen meaning that the Fed should rise.

In much the same way Bernanke smirkingly claimed that massive wave of liquidity, created by an explosion of loan growth, insupportable by incomes, indicated "an excess of savings". For months you then repeated this "truth" endlessly like a human megaphone with verbal diarrhea.

Never change and never learn. You're an endless source of amusement.
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