Hi jfred. I saw Schwartz and having never heard of her was impressed. Sure enough it seems that what the Fed will do is opaque to the Fed too, not just the proletariat and everyone else. Meanwhile, the D-word is used a lot more these days and there are serious discussions about it, complete with grahs, such as here: seekingalpha.com
The D word I mean is deflation, not depression or disinflation.
Meanwhile, I haven't see more from Cashcarry [Paulson's understudy]. I'll ask Google. He seems able to do some heavy lifting in system stability.
And good for King George II who is holding the line against the drooling hordes of Big Government acolytes who think that the financial frenzy shows that free markets, private enterprise, capitalism and pricing to what the market will bear is a vast right wing delusional ideology and should be replaced with a Kremlinized central planning authority which will regulate everything.
Unfortunately, LOTS of people seem to think that "regulation" is a good idea. Punishing fraudsters is a good idea, but swamps of regulation is NOT a good idea.
Mqurice |
