Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mike Johnston who wrote (66641)	7/21/2006 3:37:01 PM
From: mishedlo	Respond to of 110194

Maintaining sound, stable money should be the primary and only focus of a central bank, not perpetuating illusory, artificial and selective prosperity that causes possibly irreparable long term damage to a society. There shouldn't be a central bank setting interest rates. They do not know any more about setting the correct interest rate than they do about setting the correct price of oil or peanut butter. Mish

To: Mike Johnston who wrote (66641)	7/22/2006 6:02:42 PM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

'Maintaining sound, stable money should be the primary and only focus of a central bank, not perpetuating illusory, artificial and selective prosperity that causes possibly irreparable long term damage to a society.' And Bernake gets blamed when the the artificial and selective period of prosperity comes to a bitter end. Bush administration and Greenspan will all be long gone..

To: Mike Johnston who wrote (66641)	7/28/2006 11:08:50 AM
From: Area51	Respond to of 110194

<<Maintaining sound, stable money should be the primary and only focus of a central bank, not perpetuating illusory, artificial and selective prosperity that causes possibly irreparable long term damage to a society.>> Should be in a perfect world. But Bernake will probably do what fed chairman always do: Force an economic slowdown mid-election and then provide ample liquidity into the election to give the incumbent a boost. Or hopefully I'm just getting a little too cynical in my old age <g>.