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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: bond_bubble who wrote (52874)	2/6/2006 9:06:26 PM
From: John Vosilla	Respond to of 110194

"Robert Schiller, a Yale economist and author of Irrational Exuberance, warns that Mr Bernanke's focus on the Great Depression has trained him to fight the wrong war. In 1929, house prices and commodities had been falling for several years, even if Wall Street was frothy. This time assets are on fire across the board. "We are now in the late stages of the biggest real estate boom in US history, driven by frenzied market psychology. In the near future, this could put Bernanke into uncharted territory for economic stress," he said. Indeed, the first ugly signs of stagflation are appearing as rising prices combine with slower growth. It might be more like Latin American bust. Mr Bernanke's armoury could prove useless against that foe" telegraph.co.uk

To: bond_bubble who wrote (52874)	2/7/2006 2:48:20 AM
From: shades	Respond to of 110194

marginalrevolution.com Interview with Milton Friedman Tyler Cowen Here it is. Excerpt: Germany’s problem, in part, is that it went into the euro at the wrong exchange rate that overvalued the deutsche mark. So you have a situation in the eurozone where Ireland has inflation and rapid expansion while Germany and France have stalled and had the difficulties of adjusting. The euro is going to be a big source of problems, not a source of help. The euro has no precedent. To the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states. Thanks to www.2blowhards.com for the pointer. Addendum: Here is an interview with Gary Becker, who talks about Friedman, John Nash, Dostoyevsky, and Brokeback Mountain. Thanks to Freakonomics blog for the pointer. February 5, 2006 at 06:18 PM in Economics \| Permalink \| TrackBack (0)