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

To: Wyätt Gwyön who wrote (75302)	12/11/2006 2:33:27 PM
From: GST	Respond to of 110194

The really funny part is that the quotes Mish posted rebuke his own odd assertions. For example: "Mish: Greenspan is the luckiest Fed chair in history? How so? Kasriel: He was fortunate in two very big ways. First off, he was fortunate to preside over the economy at a time when productivity was soaring and the global supply of goods was expanding rapidly because China had entered the world trading arena. In that environment the Fed could create large amounts of money and credit without causing inflation other than in asset prices." This completely demolishes the assertion by Mish that the creation of money and credit is inflation. Nothing really in anything this guy has said is much more than a traditional interpretation from a guy with strong monetarist leanings. Yet somehow we are expected to believe that he is way out in flaky economics land asserting along with Mish that inflation is an increase in money supply and credit -- not related to it, not caused by it, but it is it.

To: Wyätt Gwyön who wrote (75302)	12/11/2006 3:33:17 PM
From: mishedlo	Read Replies (3) \| Respond to of 110194

it is pretty funny that you think no "respected" economist can "rebut" your "article", when the most respected economist in the world of finance would surely disagree with you. Prove it Get an interview to rebut that article Look. Bernanke has been on the Fed for how many years? Did he propose a "helicopter drop" Would it work? At what expense? Mish

To: Wyätt Gwyön who wrote (75302)	12/11/2006 4:08:35 PM
From: Joe Stocks	Read Replies (2) \| Respond to of 110194

Ben 'Bubbles' Bernanke has been working for the President for the last 4+ years. I would say that he is at best is now a career bureaucrat, and at least a career politician. You mention his academic credentials. I found this on Wikipedia and thought it was on topic. "Due to the fact that Bernanke has never actually worked in corporate America in his lifetime, investors and some economists argue that he is not suited for his position as Chairman of the Fed, fearing that his lack of real life economic experience makes him more likely to institute theoretically attractive but practically untested policies." In my opinion 'Bubbles' Bernanke is indeed now a political hack. Bubbles is tied at the hip to the Treasury department and keeps his job at the discretion of the executive branch. Now days...no way to get appointed or keep your job unless you play politics.