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

To: ild who wrote (54720)2/25/2006 9:57:02 PM
From: Fiscally Conservative  Respond to of 110194
 
"Blinder said the Greenspan-Bernanke approach to bubbles is ``basically, you do nothing, and then the corollary to that is that you mop up after they burst to keep the financial system from taking a big fall.'' Bernanke's hands-off approach has ``been his position for years, since he was an academic,'' Blinder said."

Yeah right....

By doing nothing,as he would have us believe,until mop up time to overt a potential financial system failure,is the equivalent by proxy;doing something before. Anything done at any point in time has a cause effect relation that can not be discounted only from a back ended prospective. This premise is ridiculous,imo.

Interesting times indeed.



To: ild who wrote (54720)2/25/2006 11:41:29 PM
From: John Vosilla  Respond to of 110194
 
<``How would you like to be responsible for an economy that's dependent upon $700 billion of foreign money every year? I don't know what I would do about it, but he's going to have to do something about it sooner or later.'' >

How would Volcker handle things today? Very much the complete opposite of where we were in 1979.


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