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


To: Mike Johnston who wrote (86495)9/18/2007 9:32:00 PM
From: lifeisgood  Respond to of 110194
 
This should put to rest once and for all the laughable idea, as expressed by some on these boards, that Bernanke is a closet hawk, who would prove himself by being relatively tight.


Well the whole "drop money from a helicopter" suggestion he made some time ago really gave away his MO. Those of us who thought that the tiger could change his stripes were simply wrong.

He will have no credibility with regard to fighting inflation going forward. He lost any chance of that in one fell swoop today.

best...

LIG



To: Mike Johnston who wrote (86495)9/18/2007 10:05:47 PM
From: John Vosilla  Respond to of 110194
 
'I will repeat once again. This mania will end not with the public withdrawing money from the banks, because they fear for the safety of their deposits, it will end when they withdraw money, because of fear of rapid loss of purchasing power of those deposits.'

I don't know about a mania. That isn't even a problem for most Americans who have zero savings anyway. Perhaps when this new reinflation cycle ends and no one with real wealth in this country wants any dollars then that will be true. Any guess when this new cycle we've been in for only four years ends? 2015? 2025?