FWIW, here is Stiglitz and his solution. Jesse posted a lot of
criticism from him before. Blind criticism is silly. All I
can say - let folks who actually know stuff and are well
educated in economics deal with this mess, which was Obama's
message Yesterday. I agree. Note that his solution is in line
with the new bailout plan. He won the Nobel Prize in
economics, so he knows a bit. Quite a bit more than I do,
that's for sure. I know nothing. -g-
It's funny to see so much negativity in the media regarding
this package, and we have not seen this before with all
the stimulus packages that did not work. Heck, I am willing
to admit, maybe these Nobel Prize winners know stuff, and
it will actually work??? I honestly think they do, and
they've seen it coming this time, unlike in the late
20-s. <G>
news.morningstar.com
If you read BIS stuff, you learn a lot. It was not just
Peter Schiff, Mark Faber, and all the bears. They've seen a
systemic crisis on the way. The warnings roughly echoed the
warnings by the bears. The Feds intensionally dropped the
dollar in an attempt to cure current account deficit, but
the credit bubble prevented the cure. |
